Search MLS > Blog > Oahu > Homebuyers Jump into Oahu Real Estate Market at…
Homebuyers Jump into Oahu Real Estate Market at Discounted Prices
The Honolulu Board of Realtors’ April 2010 stats are out and once again sales volume is up. Continuing on strong momentum from March, single family home resales were up 52% and condos up 48.3% from last year!
Buyers took advantage of discounted prices as the median sales price for homes were down 6.2% and condos down 2.2% on Oahu. This has been a healthy market as buyers realize now is a good time to buy. Now that the government’s tax credit is a thing of the past, it will be interesting to see if this momentum carries into summer, which has traditionally been our strongest season of the year both locally and nationally.
It is a good time to buy. Not just on Oahu. But your stats really indicate that the market is beginning to move. It’s happening sooner then I thought it would.
There was a definite jump in activity before the tax credit expired, and I think the timing was good for it to end. Now we have the people moving as school gets out later this month, plus all the vacationers. I do think it will stay strong throughout the summer, and probably cool way down in the fall and winter.
The only problem right now is the inventory of homes for sale on Oahu is so low!
HAWAI'I LIFE
It is a good time to buy. Not just on Oahu. But your stats really indicate that the market is beginning to move. It’s happening sooner then I thought it would.
Your first two numbers tell the whole story.
Aloha,
Keahi
There was a definite jump in activity before the tax credit expired, and I think the timing was good for it to end. Now we have the people moving as school gets out later this month, plus all the vacationers. I do think it will stay strong throughout the summer, and probably cool way down in the fall and winter.
The only problem right now is the inventory of homes for sale on Oahu is so low!