O‘ahu’s Housing Market Continues to Slowly Recover
Month-over-month sales and new listings up, market activity still trails 2019 levels
“We are seeing signs of increased activity driven by eager buyers looking to take advantage of record-low interest rates coupled with sellers who are slowly wading back in to put their properties on the market. This real estate activity indicates confidence in our local housing market and contributes to the recovery of Hawai‘i’s economy,” said Tricia Nekota, president, Honolulu Board of REALTORS®. “With low inventory and continued declines in new listings, REALTORS® serve as a trusted partner to help buyers navigate this highly competitive market, where many properties are experiencing multiple offers that are well above the asking price. REALTORS® also work closely with sellers to manage high demand and multiple offers,” added Nekota.