Condo market surges as the Oahu housing boom continues
Low mortgage interest rates and chronic low inventory of listings drove prices to record highs again in June. Single-family median prices peaked for the fifth time in six months, to
Median sales price breaks $1 million in 10 Oahu neighborhoods
As prices and sales volume continue to surge, the number of active listings on Oahu was down last month by 39.6% for single-family homes and down 23.3% for condos, as
Market shifts as April condo sales out-pace single-family
A year after Oahu’s real estate market grappled with the uncertainty about the pandemic’s impact, sales volume and prices are booming. “Sustained demand and low inventory levels remain constants in
Single-family homes mark another Oahu record as bidding wars escalate
Demand for housing in a market drained of supply remains the driving force for home sales. In March, homes sold for record prices, in record time, and in record numbers,
Oahu single-family homes hit record median sales price of $917,500
Even as we mark one year since the island’s first coronavirus cases, the residential housing market continues its unabated rally. Spurred by the island’s sparse inventory and historic low mortgage
Sales momentum builds as inventory struggles to keep up
Despite the historic market ebbs (pre-COVID) during the winter months, home sales in January 2021 kicked off at a feverish pitch — outperforming sales from January 2020 — and pushing
December sales crescendo to a photo finish for 2020
Home sales typically ebb in December, with buyers and sellers traditionally opting to take a holiday break, but as we all know, 2020 has been everything but typical. Oahu housing
Home prices continue rising on Oahu, amid an ongoing pandemic
The number of single-family homes and condos sold on Oahu above the original asking price in November was up 210.2% and 79.2%, respectively, compared to this time last year. Single-family
Inventory down, price up, as market deals with COVID
“The Oahu real estate market has remained competitive even amid the pandemic, as the lack of inventory paired with low interest rates continue to drive demand,” according to Tricia Nekota,