Prices drop, interest rates dip, giving rise to buying opportunities
After 17 consecutive months of Oahu’s home prices exceeding $1 million or more, the Honolulu Board of Realtors® reports the median price of a single-family home fell short of the
Oahu home prices vibrant, despite rising interest rates
In January, the median sales price of a single-family home dipped below $1 million for the first time in 17 months, landing the month at $970,000, according to the Honolulu
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
Closed sales fall while active inventory increases, points to cooling market
The Honolulu Board of Realtors® reported that market conditions in August indicate the upward trend in prices is slowing, sales activity is declining, and active inventory is rising. Here is
Oahu’s real estate market shows strength despite decline in sales volume
Oahu’s finite amount of available island land on which to build, and historically limited inventory of homes for sale has long been the fundamentals for the island’s relentless housing demand,