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
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
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
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
“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,
As Oahu’s housing market shifts into the fourth quarter of 2020, sales activity and prices continue to reflect unforeseen and surprising influences brought about by COVID-19. Single-family home sales and
As segments of Oahu’s housing market struggle to regain footing after being rattled by the pandemic, others are surprisingly resilient — including a median-sales-price record high. For example, while new
COVID-19 has had a significant effect on the number of new listings on Oahu — with double-digit drops from July 2019. The overall number of active listings has also dropped.
While the total number of home sales were down, as well as median prices for both single-family and condominiums when comparing June figures with June 2019, month-over-month, short-term comparisons —