Housing market on Oahu warms up in February
Since the New Year, the housing market on Oahu has taken what appears to be a decisive turn. For two months running, the statistics report that all three of the
Since the New Year, the housing market on Oahu has taken what appears to be a decisive turn. For two months running, the statistics report that all three of the
There are some excellent reasons to be excited about the future of our local real estate market. Prices are up. The Honolulu Board of Realtors® released the stats from
The Honolulu Board of Realtors® reported the following summary of the 2023 Oahu housing market: Properties spent longer on the market compared to 2022 — from 12 days before a
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
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
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
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
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
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