As the Oahu real estate market continues to moderate, competition is easing slightly. The pace of sales has slowed over the past several months, and although median prices for both homes and condos are still near all-time highs, the rate of increase, year over year, is leveling off.
About one in four single-family homes sold in August had at least one price reduction—an increase from last year, but about on par with 2020. Only 16.5 percent of condos sold in August had price reductions—about the same as a year ago.
Days on market, while increasing slightly, are still near historic lows. Oahu is still a seller’s market.
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