Thinking of selling a home or condo in O’ahu? Well, now is the time! Inventory is low, home prices are on the rise, and buyers are paying—what more could a seller want? Plus, the summer months are often quite competitive, which means prices are expected to continue rising. Here’s why now is the time to list your O’ahu home for sale.
Inventory of O’ahu is at a 10-Year Low
Inventory is record-low. What does that mean for sellers? It means buyers have fewer options. It means more buyers looking at the same house—your house. It means strong competition as buyers seek to outbid each other for a home they both want. In fact, inventory is so low that if no new homes came on the market, all the current homes would be gone in just three months!
Days on the Market Are Also at a Low
Nobody wants their home to sit on the market, unnoticed by buyers. Fortunately, in O’ahu’s current market, yours doesn’t have to. Competition is so strong right now that homes are listed an average of just 22 days before selling!
Home Prices are on the Rise
Every seller wants to make more on their sale than they originally paid for their home. But what every seller wants even more is to receive serious offers above their listing price. And that’s what’s happening here. Buyers are bidding over the asking price for condos and homes. In fact, one-third of all homes and one-fifth of all condos are selling for more than was originally listed.
Sales are Up on O’ahu!
Make the Most of Your Sale: Work with an Agent Who Excels in a Competitive Environment
The opportunity is ripe for the picking if you’re thinking of selling a home on O’ahu. But to truly take advantage of this amazing seller’s market, you’ve got to work with the right agent.
If you’re considering listing a home or condo for sale on O’ahu, then it’s time to contact RE/MAX Honolulu. We can help you evaluate your home, get it ready to sell, and successfully sell it faster and for more money. Give us a call and find out how!