The Oahu real estate market held steady in July 2023, as competitive conditions and strong demand persisted. In many ways, the market is outperforming expectations, with higher sales than anticipated and even a slight increase in single-family home prices throughout the summer.
For-sale inventory is flat, and new inventory is lagging, as many would-be sellers are reluctant to give up lower mortgage rates. On the other hand, homebuyers have generally accepted current rates and are now looking to secure a home before prices rise further.
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