The Oahu Real Estate Market saw a significant slow down in comparison to the same month last year. Single family Homes and condominiums saw a 43% and 37.5% decrease in sales respectively. Although the market has slowed, median prices have held steady due to consistently low inventory. Oahu median single family home prices landed just under million last month falling nearly 10% year over year.
As we cruised through the lull in the market last month we are preparing for the business of Military coming to and leaving the island in PCS season. Our team has started to see signs of the market ramping back up. We have listings that are selling in just a couple days, after receiving MULTIPLE offers. Our agents are strategically writing offers for our buyers to ensure that our clients are getting their top choice & getting the best deal possible.
The Oahu real estate market varies neighborhood to neighborhood, so the best thing you can do is team up with a Kawaguchi Group agent to help you navigate the market and find your dream home!