About Bryn Kaufman

Principal Broker and Creator of OahuRE.com

Will Oahu Home Values Go Down?

Many feel Oahu is so desirable that the median price of homes will not decrease.

While I agree it is a great place to live, we have periods of falling prices.

As shown in this chart, we have had some drops, one over a 10-year period.

The question is whether the current mortgage rate increases will cause another drop in the Oahu median price.

Statistics Provided to Hawaii News Now

Hawaii News Now asked me to get some custom statistics for their 10 pm top story about the latest Fed rate hike.

I was able to pull together some interesting stats that show a huge drop in the sold over asking by month and a huge increase by month in sellers dropping their price.

I posted the screen clips, and you can view the full video at https://www.hawaiinewsnow.com/2022/09/22/latest-fed-rate-hike-may-also-increase-jitters-hawaiis-real-estate-market/