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March 2020 Oahu Housing Market Info

March 2020 Oahu Housing Market Info

O‘ahu Housing Market Remains Steady

Single-family home sales up, condo sales and new listings down in March

REALTORS® take businesses virtual, continue to provide essential housing services and resources to clients. Generally, real estate activity has kept pace with 2019 figures. For the first quarter of 2020, single-family home sales were up 11.6% compared to 2019. Condo year-to-date sales trail last year by just under 1%. However, the stay-at-home order that went into effect on March 23, 2020 has contributed to a slowdown in the number of listings coming on market. Single-family home listings declined by 16.7% and condo listings were down 14.3% in March. A significant number of active listings have also been moved into a temporarily off-market status, which has resulted in lower inventory levels.

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Sunset Homes LLC Specializes in North Shore Oahu Real Estate, Beachfront Property, North Shore Oahu Vacation Rentals and Oceanfront Hawaii Homes For Sale. North Shore Real Estate includes Haleiwa, Waialua, Pupukea, Sunset Beach, Turtle Bay and More.