April 2019 Oahu Real Estate Stats

Market Trends

Based on April's numbers, we are noticing the days on market for both single family homes and condos are creeping up.  This typically happens when seller pricing is too aggressive.  In this case, buyers will either wait for a price reduction or will spend time going back and forth in negotiation, both of which extend the timeline. 

Tip for buyers - Get recent comparative sales numbers (last 90 days) from your agent to get a true sense of the market TODAY (not 6 months ago).

Tip for sellers - Consider pricing just UNDER the last comparable sale in your area to ensure the greatest amount of interest and a quicker sale.