It's still a sellers market - just ask the buyers

This week I've been with 2 different buyers who were looking for a nice condo in Oahu. We looked in Waikiki and Ala Moana for one of the buyers, and found a few that we liked. When we began talking to the first seller's agent, he said that they would not negotiate at all on the price.

That seemed odd so we moved on to the next property and wrote an offer $10k below asking, which was a reasonable offer, I thought. Today we got a counter offer for more money. If anyone thinks this market is slowing down, they should talk to the buyers and sellers actually in the market. Sellers are not being very negotiable, which shows how much confidence they have in the market.

If this market is slowing down, nobody has told the sellers. When we looked for condos around Waikele and Waipio, there were a several available, but none of the sellers seemed to want to negotiate on their prices. The real estate market is apparently still very strong in Oahu!

If you're thinking about buying a home in Oahu right now, don't expect to negotiate the price down too much. The sellers are holding out!