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Demand for single-family homes and condos remains well above last year’s levels. With interest rates below four percent and limited for-sale inventory, seller’s market conditions are likely to continue throughout this year.
Sales of existing condos were much higher in January 2022 than in a typical January, particularly in Waikiki and Ala Moana-Kaka'ako, where sales were more than double from a year ago.
If you followed Hawaii real estate last year, or know anyone who bought or sold a home in 2021, you probably already know that the market was hot. So hot, in fact, that it broke several records in 2021 —on Oahu as well as on the neighbor islands.
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