Check out 5 key insights into the Oahu real estate market in Fall 2023, from Locations Lead Research Analyst John Jacobson.

Despite rising interest rates, there is still strong demand for Oahu real estate. While single-family home and condo sales are lower than the previous two years, sales have been stronger than expected in summer 2023. Days spent on market have also been low. For-sale housing inventory remains flat, constraining home sales—with less than three months’ worth of homes and condos for sale, it’s still a sellers’ market.

The Oahu real estate market held steady in July 2023, as competitive conditions and strong demand persisted. In many ways, the market is outperforming expectations, with higher sales than anticipated and even a slight increase in single-family home prices throughout the summer.

The Oahu real estate market held steady in June 2023. Home prices are stable and even rising slightly, and that trend is expected to continue into next year. Homebuyers are coming to terms with higher mortgage rates and, together with experienced lenders, are finding flexible borrowing solutions.