Low interest rates lift home sales on Oahu

Fewer available units also contribute to the rise with condo sales surprising experts

By Andrew Gomes

POSTED: 01:30 a.m. HST, Nov 08, 2012

~~<p>Home sales on Oahu spiked last month as low interest rates helped motivate more buyers despite relatively little inventory in the market.</p>
<p>The Honolulu Board of Realtors reported Tuesday that sales of previously owned single-family homes and condominiums jumped close to 30 percent in October. Median prices also rose, but the gain there was a continuation of a fairly moderate trend this year.</p>
~~

Home sales on Oahu spiked last month as low interest rates helped motivate more buyers despite relatively little inventory in the market.

The Honolulu Board of Realtors reported Tuesday that sales of previously owned single-family homes and condominiums jumped close to 30 percent in October. Median prices also rose, but the gain there was a continuation of a fairly moderate trend this year. Login for more...