The Oahu real estate market remains dynamic as home prices reach new highs in June 2024, with a median of $1,125,000 and condo prices at $528,000. Despite a softening condo market, stable home sales and rising inventories suggest ongoing demand and steady sales through the summer.

The Oahu real estate market remains steady as we head into the summer months. While affordability is still an issue for many homebuyers, Locations anticipates stable sales and flat-to-slightly rising prices throughout Summer 2024, due to continued low supply and strong demand.

The Oahu real estate market is muted but stable, as we head into the peak homebuying season. Pent-up buyer demand is counteracting the dampening effects of higher mortgage rates and economic uncertainty, and steady sales and moderate price increases are expected to continue throughout the summer months in 2024.

What would you do with an extra $260,000? Move to a larger home, or a new neighborhood? Add an Accessory Dwelling Unit (ADU) to your existing home, or renovate your kitchen and baths? If you think you don't have that kind of cash on hand, you might be pleasantly surprised: Many Oahu homeowners have a significant amount of home equity—it's almost like your home is a piggy bank that grows bigger each year.