Tight home inventory dampens Oahu market

By Andrew Gomes

POSTED: 01:30 a.m. HST, Nov 18, 2012

~~<p>Oahu’s housing market has been constrained this year by low inventory as relatively few homeowners put their property up for sale even as the market gains strength. And something similar can be said, too, of the market for new homes.</p>
<p>Developers built and sold 405 new homes on Oahu during the first half of this year, down 12 percent from 461 homes in the same period last year, according to an analysis by local housing market researcher Ricky Cassiday.</p>
~~

Oahu’s housing market has been constrained this year by low inventory as relatively few homeowners put their property up for sale even as the market gains strength. And something similar can be said, too, of the market for new homes.

Developers built and sold 405 new homes on Oahu during the first half of this year, down 12 percent from 461 homes in the same period last year, according to an analysis by local housing market researcher Ricky Cassiday. Login for more...