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Moderate Growth Expected for Oahu Real Estate Market in 2024

Mortgage rates continue to fall from their peak last October. As rates head lower and affordability improves for buyers, more home sales are expected in 2024. Low inventory remains a limiting factor, however. With about three months of inventory currently available, Oahu is still a sellers’ market. Low housing supply, combined with strong demand from local and offshore buyers, continues to fuel competitive market conditions.