A perfect storm of dwindling inventory, economic rebound, and bottom-dollar mortgage rates have pushed Oahu’s median prices to new record highs — $992,500 for single-family homes and $475,000 for condos.
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
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
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
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,
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