OAHU, HAWAII: Sales of O‘ahu Homes Cool Amid Rising Mortgage Rates.

According to resales figures released today by the Honolulu Board of
REALTORS®, rising mortgage rates are weighing on home sales. Year-over-year, single-family home and condo sales dropped 34.4% and 19.3%, respectively, and compared to August 2022, single-family home sales were down 11.5%, while condo sales dipped 2.4%. Pending sales activity was also muted compared to last year, with contract signings falling 43.7% for single-family homes and 30.7% for condos...
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