As anticipated, competitive market conditions have returned to the Oahu real estate market. October was a particularly strong month, as low mortgage interest rates, along with years of pent-up demand, pushed up sales. While active listings are still up island-wide, in more than half of Oahu market areas there are fewer homes for sale than a year ago.

The single-family home market is gaining strength. Inventory is beginning to decrease as Days on Market return to previous record-low levels. These market conditions give way for potential price increases in single-family homes in the coming months. For condos​, inventory is rising but is being quickly absorbed.

Signs that the single-family home market is strengthening include falling inventory and a return of Days on Market to previously low levels. Connelley added that as the single-family home market regains its footing, there is a potential for more price increases in 2020.

Oahu's single-family home market is gaining strength. Inventory is beginning to decrease, as Days on Market return to previous record-low levels. These market conditions give way for potential price increases in single-family homes in the coming months. For condos, inventory is rising but is being quickly absorbed.