It's not your imagination; there really are fewer Oahu condos for sale this spring--30 percent fewer, in fact. Of course, demand always been strong for housing on Oahu — both from locals, and from Mainland and international buyers.

The Oahu real estate market in 2021 is more competitive than ever, with nearly one in two single-family homes and one in three condos sold for above the asking price in a bidding war.

If you’ve been searching for a home on Oahu this year — especially a single-family home — you’ve probably noticed there’s not much for sale. Single-family home inventory has been limited for many years, as new home construction has not been keeping pace with demand for decades.

Oahu single-family home inventory is at its lowest point in more than 40 years and condo inventory is dropping at an accelerating pace. Coupled with decades of pent-up demand, there’s no end in sight to current market conditions—making it an advantageous time for sellers and a critical time for homebuyers, especially first-time buyers.