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.
![](https://oahure.com/oahu-real-estate/wp-content/uploads/2022/10/MedianPricesDecline-1024x500.jpg)