Oahu real estate values appear to be heading up. The median sales price for Oahu real estate was up in January and again in February, a positive sign indeed. The January increase was over 10%, followed by an over 3% increase last month. These increases are for median prices on single family homes, although condominium values have also risen, though not nearly as much.
Currently it t is an ideal buyer’s market on Oahu. Home values are well of their peak, mortgage rates remain hovering at around 5% and tax credits are giving current home owners and first time home buyers an edge.
For an up-to-date analysis of the state of the Oahu real estate market contact John RIggins today.
Click here to view data from the Honolulu Board of Realtors.


