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Oahu Single-Family Home Sales Unaffected by Coronavirus in March

The coronavirus pandemic did not have an effect on closed sales in March. However, decreased sales are expected in April, as there were fewer homes in escrow in March. How long the housing market will be affected depends on how quickly the economy is able to rebound from unemployment and reduced tourism related to necessary social distancing measures. Oahu home values are expected to hold steady and then increase as the economy recovers.