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Company News October 2022 – Oahu and Neighborhood Market Reports Oahu Real Estate Market Report + Home Tips Oahu Home Sales Drift Downward Amid Dampened Buyer Activity Properties are spending longer on the market, marking a median of 19 daysBuyer activity continues to slow with closed sales of single-family homes dropping 41.7% and condos falling 28.8%. Median sales price growth has also decelerated, though prices […]
Market Reports September 2022 – Neighborhood and Market Report Oahu Real Estate Market Report + Home Tips Sales of Oahu Homes Cool Amid Rising Mortgage Rates Median sales prices remain relatively flat, active inventory builds gradually Rising mortgage rates are weighing on home sales. Year-over-year, single-family home and condo sales dropped 34.4% and 19.3%, respectively, and compared to August 2022, single-family home sales were […]
Market Reports August 2022 Oahu Market Report and Neighborhood News Oahu Real Estate Market Report + Home Tips Sales of Oahu Homes Return to Pre-Pandemic Levels Median sales price for condos dips to under $500,000 According to resales figures released by the Honolulu Board of REALTORS®, more than 300 single-family homes and more than 500 condos sold in August, which is near pre-pandemic annual average […]
Market Reports July 2022 Oahu Market Report and Neighborhood News Oahu Real Estate Market Report + Home Tips Sales of Oahu Homes, Condos Fall Nearly a Quarter in July Properties continue to move into contract quickly despite cooling demand  According to resales figures released by the Honolulu Board of REALTORS®, closed sales in both single-family home and condominium markets declined by 22.8% year-over-year. Sales also […]
Market Reports June 2022 Market Report and Neighborhood News Rising Interest Rates Cause Ripple Effects Across Oahu’s Housing Market Realtors® see decreased sales volume, reduced asking prices, active listings up for longer   According to resales figures released by the Honolulu Board of REALTORS®, housing sales volume on Oahu declined in June, with single-family home sales down 20.8% and condos dropping 14.2% year-over-year. However, […]
Market Reports May 2022 Market Report and Neighborhood News Oahu Housing Prices Continue to Tick Up, Setting New Records Properties spend a near-record median of 10 days on the market   According to resales figures released by the Honolulu Board of REALTORS®, the single-family home market started to cool with closed sales dropping 15.1%, while the demand for condos remained steady with closed sales […]
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