Oahu, Hawaii, Real Estate, Market Update, 2012
Kahala Associates — Quarterly Market Report — 1Q-2012
The big news for the first quarter of 2012 is a further drop in supply of homes for sale – with months of inventory at record breaking 4 months for single family homes and 4.5 months for condominiums. Another view of this same trend is the number of active listings – down 24.3 and 21.7 percent respectively.
For Oahu home buyers these trends indicate that now is the time to take action in case prices continue to trend upwards and in case interest rates move upwards next. It also means being as prepared and pre-approved as possible when making your next offer so that you look your best when competing with other buyers for the same home.
For an update on Oahu’s luxury or million plus market, visit “Kahala Associates dot com” where you’ll find our Luxury Real Estate Market Overview as well as our new Luxury Home Browser, a new Bank of America Online Mortgage Center and much more.