I wanted to share some exciting updates about the Oahu real estate market as we move into the fourth quarter of the year. Here are some highlights:
- Single-family home sales increased 22.5% year-over-year, and condo sales rose modestly by 1.5%.
- The median price for single-family homes held steady at $1,100,000, while condos saw a slight increase to $525,000.
- Active inventory remains high, with single-family home listings up 18.4% and condo listings up 49.8%.
- Contract signings for single-family homes rose 30.2%, with many homes still closing above the original asking price.
These trends show a dynamic and evolving market, with opportunities for both buyers and sellers. If you or someone you know has questions about how these changes could impact your real estate goals, I'm here to help!
Feel free to reach out if you'd like more details or a personal market analysis.
