Market Trends

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Market Trends Oahu Market Statistics February 2023   O‘ahu Home Sales Pick Up Month-to-Month, Remain Down Year-Over-Year Single-family homes are taking nearly four times longer to sell, and condos are taking two times longer to sell compared to 2022. O‘ahu’s housing market remained sluggish in February, with closed sales of single-family homes and condos down 28.2% and 33.1%, respectively. However, single-family home […]
Buying October 2022 Oahu Market Statistics O‘ahu Home Sales Drift Downward Amid Dampened Buyer Activity Properties are spending longer on the market, marking a median of 19 days Buyer 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 remained up year-over-year, with single-family homes increasing […]
Market Trends September 2022 Oahu Housing Statistics   Sales of O‘ahu 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 down 11.5%, while condo sales dipped 2.4%. […]
Market Trends August 2022 Oahu Housing Statistics Sales of O‘ahu Homes Return to Pre-Pandemic Levels Median sales price for condos dips to under $500,000 More than 300 single-family homes and more than 500 condos sold in August, which is near pre-pandemic annual average closed sales per month for single-family homes and above average for condos. Median sales prices remained on pace with […]
Market Trends Oahu Market Housing Statistics   Sales of O‘ahu Homes, Condos Fall Nearly a Quarter in July Properties continue to move into contract quickly despite cooling demand Closed sales in both single-family home and condominium markets declined by 22.8% year-over-year. Sales also slipped from a month ago, down 12.6% for single-family homes and 17.3% for condos. “Demand continued to cool […]
Market Trends Virtual Real Estate The blockchain is no longer simply the foundation for cryptocurrencies and non-fungible tokens (NFTs), but the disruptive technology is now very much a part of the real estate industry, whether in the real world or on the frontiers of the “metaverse.” Of all potential applications for the blockchain, the most exciting opportunities lie in property […]
Local June 2022 Oahu Housing Statistics Rising Interest Rates Cause Ripple Effects Across O‘ahu’s Housing Market REALTORS® see decreased sales volume, reduced asking prices, active listings up for longer Housing sales volume on O‘ahu declined in June, with single-family home sales down 20.8% and condos dropping 14.2% year-over-year. However, sales volume is still up compared to pre-pandemic 2019 levels, with single-family […]
Market Trends Market Shift A little update on the current real estate Market Shift below:   What’s going on with the market? Less offers written Less multiple offers Less escalation clauses Appraisals are coming in below the purchase price Closings are at or slightly below the list price More cancellations More days on market More price reductions More transaction […]
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Economy Mortgage rates fall to 5.10% in biggest drop since 2020 MARKETS & ECONOMY Mortgage rates fall to 5.10% in biggest drop since 2020 Rates on 30-year fixed-rate mortgages have dropped 20 basis points in two weeks, the most dramatic decline since April 2020   BY BEN VERDE May 26, 2022 Bottom of Form Mortgage rates decreased for the second week in a row, according to a […]

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