Oahu Market Stats September 2015

The real estate market on Oahu continues to rise in many neighborhoods due to a weak inventory.  The average number of days on the market for an accepted offer remains under 3 weeks.  Median sales price for the month of September for a single family home was up, at $730,000.  Mortgage interest rates are still favorable for Buyers, but the new lender disclosure laws will be throwing us all curve ball.  Creative contract writing is order!  

Working with a competent REALTOR can give Buyers an edge on getting their offers accepted.  Be sure to ask your agent what you as a Buyer can offer to a Seller to make your offer stand apart from competing offers.

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