January 2019 Oahu Real Estate Stats

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Real Estate

The January 2019 Oahu Real Estate Market Stats are out and as you've probably seen in the news, things are shifting...

*Inventory & Days on Market are UP over January 2018
*Median Prices & Closed Sales are DOWN over January 2018

What this means for sellers
*Listings need to be priced under the last sale in order to be competitive.  

What this means for buyers
*You'll have more to choose from.
*You're less inclined to be in multiple offer situations as compared to recent years.
*Interest rates have dipped slightly since the end of last year (when they hit 5%) so you'll have more buying power if they hold steady

Have a question about the market shift or a particular property? Contact me with your question!!