Prices drop, interest rates dip, giving rise to buying opportunities
After 17 consecutive months of Oahu’s home prices exceeding $1 million or more, the Honolulu Board of Realtors® reports the median price of a single-family home fell short of the
Oahu home prices remain resilient
It was only two years ago — August 2021 — when the median sales price of an Oahu home topped $1 million for the first time. Despite an economy-crippling pandemic
Oahu home prices vibrant, despite rising interest rates
In January, the median sales price of a single-family home dipped below $1 million for the first time in 17 months, landing the month at $970,000, according to the Honolulu
Oahu’s housing market on solid ground despite rising rates
While the effects of rising interest rates on home prices is ongoing, the market, in general, appears to have stabilized, as the summertime cycle kicks off. The median sales price
Oahu’s housing market stays course while enduring challenges
Since March 17, 2022, the Federal Reserve has raised interest rates 11 times in 20 months — the most recent in July 2023— bumping up mortgage interest rates from a
Discover Oahu’s most affordable neighborhoods, and creative buying strategies
Despite multiple Federal Reserve’s rate hikes to ease inflation, Oahu’s housing market has remained resilient thanks to a limited inventory of available homes for sale and strong demand. While single-family
Higher-end homes and condos continue to sell, inventory up in 2023
Even with mortgage interest rates being twice what they were a year ago, according to a CNN report this week, our local real estate market is off to a strong
Oahu Demand and Sales Prices Remain Steady
Rising interest rates and hand-wringing challenges aside, Oahu’s housing market’s steadfast value is strong. “The economic obstacles affecting our market are certainly real, but overwhelmingly, our market — and specifically
Condo prices drop for second time in three years
Home sales volume on Oahu retreated for the 10th consecutive month in November, with rising interest rates likely to blame, according to the Honolulu Board of Realtors. According to Freddie