Exciting news! Inventory is on the rise on Oahu with new listings of mid-range priced single-family homes and condos showing the greatest increase, according to a recent report form the Honolulu Board of Realtors. Now is a great time to purchase with more choices for buyers, less competition for fewer homes and a more balanced market.
Inventory for single-family homes priced at $350,000 and below was up 78.6% compared to January 2018, and homes priced from $650,001 to $800,000 saw a 53.3% increase in inventory for that same time period. Mid-range condo inventory is up as well with units priced between $200,001 and $250,000 up 50% and up 45% in condos priced between $250,001 and $300,000.