April 2020 Market Update

April 2020 Market Update

COVID-19 Pandemic’s Impact on O‘ahu’s Housing Market is Widespread

Closed sales and new listings mark double-digit decreases for both single-family homes and condos in April.
“As anticipated, our housing market is confronting challenges amid the Coronavirus pandemic, including a steep decline in sales and listings,” said Tricia Nekota, president, the Honolulu Board of Realtors®. “Despite our low inventory, Realtors® continue to help serious buyers secure their perfect home.”
“Sellers and buyers are exceedingly cautious as they juggle their perceptions and the reality of economic security amid these uncertain times. Once consumers begin to feel some relief from the impacts of the pandemic, it’s likely we will see listing and buying activities slowly increase,” Nekota added.
Information provided by the Honolulu Board of Realtors. Click here to see an overview of stats.

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