The Oahu single-family home market is a leading indicator for the market overall,” said John Connelley, principal broker at Locations. “After a somewhat slower spring than we’ve become accustomed to in recent years, the single-family home market is beginning to show signs of increasing strength as we head into fall.”
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.
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