Mortgage interest rates, which hit record lows in December 2020 before ticking up again this year, have been trending back down over the past several weeks. This week, mortgage interest rates fell to a low not seen since mid-February 2021, giving prospective homebuyers some additional buying power.

Oahu single-family home inventory is at its lowest point in more than 40 years and condo inventory is dropping at an accelerating pace. Coupled with decades of pent-up demand, there’s no end in sight to current market conditions—making it an advantageous time for sellers and a critical time for homebuyers, especially first-time buyers.

It's not your imagination; there really are fewer Oahu condos for sale this spring--30 percent fewer, in fact. Of course, demand always been strong for housing on Oahu — both from locals, and from Mainland and international buyers.

The Oahu real estate market in 2021 is more competitive than ever, with nearly one in two single-family homes and one in three condos sold for above the asking price in a bidding war.