The Oahu housing market started the new year with a jump in the number of homes and condos for sale. According to the Honolulu Board of Realtors, new listings of single family homes increased by 21.8% while condominium listings increased by 18.8%.
But sales for single family homes were down 2.4% and prices were down slightly to $767,500. Condo sales also dropped by 12.8* and the median price dropped to $399,000.
According to Jenny Brady, the president of HBR the strength of Oahu’s housing market is still good and balanced market, January is usually a slow month for people, usually some are still not thinking about it after holidays, but the effect of the federal government shutdown may have played a role and had a big effect of the loans
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