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The e October Oahu Real Estate Market shows signs of stability.
The number of closed sales increased by 20.3% for Single-Family Houses and 10.7% for Condos/Townhouses compared to last month.
Year-over-year, Single-Family House sales are up by 22.5%. While Condo/Townhouse sales have lagged, Single-Family House sales are leading the market.
Despite this, the median and average sales prices for both Single-Family Houses and Condos/Townhouses have remained stable.
Condo/Townhouse inventory in October, is showing a 3.7% increase from the previous month.
Post the U.S. Election looks pretty good. Stock market keeps respectably firm and Federal Reserve cut interest rates by a 0.25% on 11/7/2024.
The Federal Open Market Committee lowered its benchmark overnight borrowing rate by a quarter percentage point to a target range of 4.50%-4.75% on November 7th.
