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
Home prices plateau after more than a decade of gains
With one month left to go in 2023, year-to-date median home prices have held — dipping only slightly compared to a year ago — a testament to the solidity of
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
Sales slow in October while prices hang tough
Normally, as the summer selling frenzy has calmed and we approach Thanksgiving, inventory goes up some, and sales slow. Closed sales ebb and flow with the market — peaking in
Oahu Real Estate Market Update
While rising mortgage rates are slowing down Oahu home sales volume, the good news is that prices are holding. Keep in mind, as rates increase, the supply of qualified buyers