The Oahu real estate market continued to follow stable seasonal patterns in September 2024, with sales following typical trends, prices flat-to-slightly rising and homes are on the market for about 3 to 4 weeks. Lower mortgage rates and a generally positive economic outlook could drive increased sales activity in the coming months, as buyers and sellers regain confidence in the market.

Get ready for a spectacular celebration of Hawaiian culture, cuisine and crafts, as the annual Waikīkī Ho‘olaule‘a, part of the Aloha Festivals, is just around the corner. This lively event promises to be the ultimate block party on the vibrant Kalakaua Avenue, and you won't want to miss it!

Heading into fall, the economic outlook is generally positive for the Oahu real estate market. Mortgage interest rates are below 6.5 percent and will likely continue to edge slightly lower over the next several months. As rates come down, an increase in demand is expected, particularly among first-time homebuyers.

If you purchased a new home in the past year, don't forget to claim your Oahu Home Exemption by Sept. 30 to avoid paying a higher property tax rate.