With fewer homes for sale, Oahu home prices remain stable
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.
Market conditions favorable for sellers as state reopens
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 —
Low inventory lifts single-family home prices
Inventory of available homes — or more accurately the lack of inventory — is what drives prices in Oahu’s residential housing market. When available inventory (supply) is down, demand drives
Oahu’s housing market sails into uncharted waters
According to resales figures by the Honolulu Board of Realtors®, the median sales price for single-family homes and condos rose slightly to $809,000 and $450,000, respectively. Closed sales for single-family
Real estate business model shifts to adjust to pandemic, stay-at-home order
While real estate statistics released this week by the Honolulu Board of Realtors® show a modest increase in prices and stable sales volume, the effects of coronavirus — including the
Single-family homes and condos show strength in February
Low mortgage interest rates continued to spur market activity on Oahu in February. According to figures released this week by the Honolulu Board of Realtors®, single-family homes performed strongly again
Positive momentum boosts January sales
The Oahu housing market is off to a strong start in 2020. January Honolulu Board of Realtors® figures show increases in both sales volume and prices, compared to January 2018.
The year in real estate — Market remains stable
While 2019 was off to a sluggish start with sales volume declines carrying in from 2018, single-family home sales rebounded by year’s end with six consecutive months of increases, which
More Choices for Oahu Homebuyers as Summer Inventory Levels Rise
After 13 consecutive months of rising prices, the median sales price of a single-family home dropped for the first time. The 1.6% year-over-year decline is only the fourth time in