The Oahu single-family home median price topped $1M for the second consecutive month in August, while the condo median price reached a new benchmark at $500,000. The resale condo market is becoming increasingly competitive, as more buyers look to condos and townhouses, either as alternatives to single-family homes or as investment properties.
Prices are expected to continue their climb this year, as homes are selling in record time and for record bid-ups. With limited supply and strong pent-up demand, there’s no end in sight to current market conditions.
In today’s fast-moving real estate market, it’s more important than ever to work with a knowledgeable Realtor® who has access to market data at the neighborhood and building level.
Investors, wondering how the COVID-19 pandemic has affected Oahu's rental market? Check out the latest blog post from Locations' Property Management Division.
