The Oahu real estate market continues to set new records in 2021, as historically low inventory and strong demand fueled by low interest rates pushed the single-family home median price closer to $1M in May.
With one in two single-family homes bid up over the asking price, more prospective homebuyers are shifting their attention to the condo and townhome market, which has also seen demand surge this year.
The market will continue to favor sellers this summer. Homes that are in good condition—or in a desirable location—and priced appropriately will likely sell quickly, and with a strong chance of obtaining a final price that’s above asking.
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