Oahu Market Update

Single-family home median sales price falls below $1 million

It’s the first time in nearly a year and a half that the median single family home price has dropped below the $1M mark on Oahu. Condo prices have also decreased. Sales volume have dropped 54% for single family homes and 50% for condos. This presents opportunities for buyers who were unsuccessful in getting their offers accepted over the stiff competition over the last two years. It also presents opportunities for sellers since inventory of homes is still limited depending on their location on Oahu. (read more)