Demand for single-family homes and condos remains well above last year’s levels. With interest rates below four percent and limited for-sale inventory, seller’s market conditions are likely to continue throughout this year.
Fewer single-family homes on the market this year compared to last year is limiting the number of sales. Condo sales remained strong in February and are increasing at twice the pace of single-family home sales. With lower prices, spill-over demand from the single-family market and twice as many new listings, the Oahu condo market is robust and stable. Competitive conditions will continue in the condo market in 2022.
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