Fears surrounding the coronavirus and its potential long-term effects on the stock market have pushed interest rates to their lowest point since 2012. At the same time, Oahu’s housing inventory—which had been rising in 2018 and 2019—has been falling since the summer and is now well below last year’s levels. Homebuyer activity is likely to continue to increase over the next several months.

There is a window of opportunity for homebuyers in the early part of this year. Home prices are holding steady, while interest rates are still low, and competition, though still strong, has eased in some local markets—creating opportunities for first-time homebuyers and move-up buyers.

Hunting for a new condo? Locations analyzed Oahu condominium buildings and townhome communities across the island with the most sales above the asking price, known as “bid ups,” in 2019. Expect to find the most competition from other buyers in these 10 Oahu condos and townhomes.

Wondering what 2020 will bring for Oahu's residential real estate market? Locations' Research Department analyzed the market and offers the following insights to keep your real estate goals on track in the new year.