September 2022 Oahu real estate market update: I like to use the analogy of how the pandemic affected the Oahu real estate market to flying down the H-1 freeway at 80 mph. Every property was flying off the shelves with multiple offers. Now the Oahu real estate market is going the speed limit of 55 mph. It's more normalized, buyers are not having to waive every contingency, and less transactions are taking place. Condos went down slightly in price, something we haven’t see in a long time. Low inventory is stabilizing the market although it is growing. Stay tuned for more updates and message or comment with your email address to be subscribed to my monthly market update emails to get more valuable information.