Oahu real estate market shows signs of improvement Sales for single-family homes and condos are still down, but new listings and new escrow volume see month-over-month growth
“The year-over-year statistics are what we expected – the number of sales were down and median prices remained relatively steady due in large part to lower than usual inventory and continued high demand,” said Tricia Nekota, president, Honolulu Board of REALTORS®. “As the state continues to reopen, we are already seeing a steady increase in activity that, in turn, helps to drive our local economy.”
“While we’re allowed to restart open houses this weekend, our top priority remains the health and safety of sellers, buyers and agents. Strict guidelines for social distancing, use of face masks, and good hygiene practices are some of the many practices that we will continue to implement,” added Nekota.