Honolulu Real Estate and Community News

O'ahu Home Sales Steady While Condo Activity Picks Up

According to HBR's latest report, the Oʻahu housing market saw median sales prices rise modestly as properties spent more time on the market.⁠

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Single-family home sales were flat year over year with 261 transactions, and the median sales price rose 5.7%  to $1,162,500. The median days on market for single-family homes was 26 days, 10 days longer than last October. Active inventory was up 4.6%, ending the month with 775 active SFH listings.⁠

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The condo/townhome market saw modest gains as sales increased 9.4%  and the median condo price ticked up 1.9% to $535,000. Condos spent a median of 44 days on the market in October, 18 days longer than the same time last year. Condo inventory rose 19.6%  year over year with 2,341 active condo listings. ⁠

October 2025 Report also shows:

• Although average mortgage rates trended lower throughout October, buyer activity showed only slight movement. Contract signings rose 4.0% in the single-family home market and 1.3%  in the condo market, with 260 and 323 pending sales, respectively.
• Sellers were slightly more active compared to last October, with single-family home listings rising 3.7% year-over-year to 309 and condominium listings gaining 7.4% to 641.

“October’s numbers point to steady conditions across the island. Sales remained consistent as buyers and sellers continued to adjust to a market with more inventory and where properties move at a more moderate pace,” said Trevor Benn, President of the Honolulu Board of REALTORS®. ⁠

The market remains active across price points and regions. REALTORS® play an essential role in helping clients understand current conditions, interpret trends and move confidently through each stage of the buying or selling process.⁠

O'ahu Singe-Family Home and Condo Sales Climb While Inventory Remains Elevated

According to HBR's latest report, the Oʻahu housing market saw home sales climb while inventory remains elevated in September.⁠

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Single-family home sales jumped 27.2% year-over-year, and the median sales price rose 3.8% to $1,155,000. The median days on market for single-family homes was 26 days, a week longer than last September.⁠

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Condo/townhome sales rose 11.5% as the median condo price dipped 1.7% to $508,750. Condos spent a median of 40 days on the market in September, 9 days longer than the same time last year.⁠

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Active inventory levels continued to offer buyers more choice. The month ended with 798 active single-family home, and 2,327 condo listings, up 5.7% and 23.3%, respectively, year over year.⁠

September 2025 Report also shows:

• New listing activity slowed overall, with single-family home listings down 6.0% year-over-year to 330. Condo listings saw a 1.1% bump to 638.
• In the single-family home market, sales increased across most price ranges, with notable gains in the $800,000 to $899,999 bracket — up 81.0%, from 21 to 38 sales — and the $1.4 to $1.59 million range, which doubled from 17 to 34 sales.
• Condo sales activity increased across multiple price points. The $100,000 to $299,999 range more than doubled from 32 to 70 sales, while the $500,000 to $599,999 range rose 63.6% year-over-year, with 72 sales versus 44.

“Sales activity gained strong momentum in September, closing out the quarter on a high note. Even with more listings on the market and slightly longer decision timelines, buyers remained active across a wide range of price points, showing resilience and confidence in Oʻahu’s housing market,” said Trevor Benn, President of the Honolulu Board of REALTORS®.⁠

According to HBR's latest report, the Oʻahu housing market remained steady in August with modest changes in median price and shifting inventory levels.⁠

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Single-family home sales rose 2.4% year-over-year, and the median sales price ticked down 1.5% to $1,105,500. The median days on market for single-family homes was 22 days, a week longer than last August.⁠

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Condo/townhome sales dipped 2.5% as the median condo price rose 3.0% to $515,000. Condos spent a median of 48 days on the market in August, 20 days longer than the same time last year.⁠

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Active inventory fell from a month ago but was still higher than last August. The month ended with 792 active single-family home and 2,412 condo listings, up 3.9% and 28.4%, respectively, year over year.⁠

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Buyers in the single-family home market were active in August, with pending sales jumping 28.5% to 302—the highest monthly total so far this year. Pending condo sales were steady, slipping just 1.0% with 406 contract signings.⁠

August 2025 Report also shows:

• New listing activity varied by market segment. Single-family home listings declined 8.1% year-over-year to 318, with most of the slowdown seen under the $2 million price point.
• In contrast, new listings priced at $2 million and above surged 40.8% with 69 additions, led by the East Honolulu and Windward regions. Condo listings rose 2.2% year-over-year with 643 new units, nearly half of which were priced between $300,000 and $599,999.
• In the single-family home market, sales activity was relatively stable across price ranges, with the  $900,000 to $1,199,999 range experiencing the most movement, rising 19.4% year-over-year.

“Buyers appear to be responding to a gradual easing in mortgage rates, which created momentum in the single-family home market. Condo activity is holding steady, though affordability considerations and longer days on market continue to influence buyer behavior,” said Trevor Benn, President of the Honolulu Board of REALTORS®.⁠

According to HBR's July market report, the Oʻahu housing market showed signs of cooling as summer winds down. Sales prices dip slightly but pending sales and active inventory remain strong.⁠

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Single-family home sales fell 7.4% year-over-year, and the median sales price dropped 5.7% to $1,075,000. The median days on market for single-family homes was 20 days, up from 15 days last July.⁠

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Condo/townhome sales remained flat as the median condo price dipped 3.7% to $490,000. Condos spent a median of 50 days on the market in July, up from 30 days the same time last year.⁠

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Active inventory was higher than a year ago. The month ended with 852 active single-family home and 2,459 condo listings, up 18.0% and 31.7%, respectively, from July 2024.⁠

April 2025 Report also shows:

• Single-family Homes: New listings increased 1.7% year-over-year to 369, with ‘Ewa Plain seeing the largest jump at 29.4% (66 listings). The Central region saw the steepest drop, falling 31.3% to 22 listings. Diamond Head and ‘Ewa Plain saw the most notable increases in contract activity. Diamond Head pending sales rose 53.6% to 43, while ‘Ewa Plain rose 26.7% to 57. Together, these two regions accounted for more than one-third of pending sales.
• Condos: New listings declined 4.3% year-over-year to 647, led by decreases in the Metro (3.5%), Central (25.0%) and Hawai‘i Kai (39.3%) regions. Pending sales volume grew in most areas, with notable increases in the Metro (21.2%) and ‘Ewa Plain (61.5%) regions. Central and Pearl City saw declines of 44.7% and 40.0%, respectively. At month’s end, the largest supply of active condo inventory was in the $300,000 to $399,999 range, up 51.2% to 428 units. Several regions saw inventory increases of 60% or more, including Hawai‘i Kai, Leeward, Makakilo, Pearl City and Waipahu.

“While prices softened and more inventory became available, buyers appeared more strategic in July. With more options on the table, we saw decision timelines extend, especially in the condo market. Rising pending sales and increased buyer activity show promising signs that market confidence remains intact. The trends we’re seeing, particularly in specific price points and neighborhoods, point to a resilient, adaptive market,” said Trevor Benn, President of the Honolulu Board of REALTORS®.⁠

O’ahu Single Family Home and Condo Sales Slow in May

According to HBR's latest market report, Oʻahu’s housing market recorded a slowdown in overall sales activity in May, particularly in the condominium segment. As the summer season approaches, inventory continues to build across O‘ahu.⁠

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Single-family home sales fell 5.6% year-over-year, while the median sales price rose 8.3%. The median days on market for single-family homes was 21 days, up from 14 days last May.⁠

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Condo/townhome sales dropped 21.8% as the median condo price ticked up 1%. Condo units saw a median days on market of 39 days, two weeks longer than a year ago.⁠

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With new listings up in both markets, the month ended with 818 active single-family home and 2,556 condo listings, up 27.8% and 54.8%, respectively, from May 2024.⁠

April 2025 Report also shows:

• Buyer activity was mixed across single-family and condo markets, but picked up in several neighborhoods. Pending sales for single-family homes rose 13.1% overall, with strong gains in ‘Ewa Plain (41.5%) and Diamond Head (46.4%). Pending condominium sales fell 8.3% overall but rose 33.3% in both Central Oʻahu and Pearl City.
• As of early June, the 30-year fixed-rate averaged 6.85%, according to Freddie Mac. Higher borrowing costs and rising fees are prompting more cautious decision-making, especially among condominium buyers who continue to prioritize affordability.

“We are seeing an increasingly price-conscious and value-driven buyer mindset. Higher borrowing costs, inflation, and rising carrying costs like maintenance fees are contributing to longer decision cycles. While overall sales volume has softened, especially in the condo market, we are still seeing movement in price-stable segments and specific regions. REALTORS® remain key partners in helping buyers and sellers stay informed and adapt to changing market dynamics. Todayʻs buyers are more selective, and sellers are learning to respond with competitive pricing and patience,” said Trevor Benn, President of the Honolulu Board of REALTORS®.⁠

O’ahu Single Family Home and Condo Sales Slow in May

According to HBR's latest market report, Oʻahu’s housing market recorded a slowdown in overall sales activity in May, particularly in the condominium segment. As the summer season approaches, inventory continues to build across O‘ahu.⁠

Single-family home sales fell 5.6% year-over-year, while the median sales price rose 8.3%. The median days on market for single-family homes was 21 days, up from 14 days last May.⁠

Condo/townhome sales dropped 21.8% as the median condo price ticked up 1%. Condo units saw a median days on market of 39 days, two weeks longer than a year ago.⁠

With new listings up in both markets, the month ended with 818 active single-family home and 2,556 condo listings, up 27.8% and 54.8%, respectively, from May 2024.⁠

May 2025 Report also shows:

• Buyer activity was mixed across single-family and condo markets, but picked up in several neighborhoods. Pending sales for single-family homes rose 13.1% overall, with strong gains in ‘Ewa Plain (41.5%) and Diamond Head (46.4%). Pending condominium sales fell 8.3% overall but rose 33.3% in both Central Oʻahu and Pearl City.
• As of early June, the 30-year fixed-rate averaged 6.85%, according to Freddie Mac. Higher borrowing costs and rising fees are prompting more cautious decision-making, especially among condominium buyers who continue to prioritize affordability.

“We are seeing an increasingly price-conscious and value-driven buyer mindset. Higher borrowing costs, inflation, and rising carrying costs like maintenance fees are contributing to longer decision cycles. While overall sales volume has softened, especially in the condo market, we are still seeing movement in price-stable segments and specific regions. REALTORS® remain key partners in helping buyers and sellers stay informed and adapt to changing market dynamics. Todayʻs buyers are more selective, and sellers are learning to respond with competitive pricing and patience,” said Trevor Benn, President of the Honolulu Board of REALTORS®.⁠

Home Sales Soften as Inventory Continues to Build Across O’ahu

According to HBR's latest market report, April brought another dip in sales activity across Oʻahu’s housing market. At the same time, more new listings were added, giving buyers a wider selection than we’ve seen in recent months.⁠

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Single-family home sales fell 8% year-over-year, while the median sales price rose 6.4%. The median days on market for single-family homes was 29 days, compared to 17 days last April.⁠

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Condo/townhome sales fell 8.4% as the median condo price dipped 4.4%. Condo units saw a median days on market of 43 days, two weeks longer than a year ago.⁠

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With new listings up in both markets, the month ended with 805 active single-family home and 2,512 condo listings, up 30.3% and 59.4%, respectively, from April 2024.⁠

April 2025 Report also shows:

• Active inventory grew in both markets, ending the month with 805 single-family homes and 2,512 condos available for sale—up 30.3% and 59.4%, respectively, compared to April 2024.
• Fewer properties closed above the original asking price in April, reflecting a shift in buyer and seller dynamics. Among single-family home sales, 27% closed above asking, down from 33% in April 2024. In the condo market, just 9% of transactions sold above the original asking price, compared to 15% a year ago.

“Higher borrowing costs and rising maintenance fees are shaping how buyers evaluate their options. Even as more inventory becomes available, we’re seeing a more deliberate, value-focused approach to decision-making. Fewer properties closing above the asking price is prompting a shift in seller strategy where pricing and patience are playing a larger role in how homes move,” said Trevor Benn, President of the Honolulu Board of REALTORS®.⁠

O'ahu Single-Family Home Sales Slowed, Condo Sales Saw Modest Growth

According to HBR's latest market report, the first quarter of 2025 ended with mixed results for O‘ahu’s housing market, but one clear trend was the continued growth in inventory. In March, new listings rose year-over-year—up 29.6% for single-family homes and up 21.9% for condos, providing buyers with more options. As active inventory continued to grow across all regions, the month ended with 773 single-family home and 2,302 condo listings.⁠

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Single-family home sales fell 10.4%  year-over-year, with 206 sales while the median sales price rose 5.5% to $1,160,000, up from $1,100,000 last March. Year-to-date, there were 569 total sales through Q1 2025, 4.0% lower than Q1 2024. Despite fewer home sales, median days on market for single-family homes remained under one month at 15 days, compared to 31 days a year ago.⁠

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Condo sales rose 7.3%, with 369 units sold as the median price remained unchanged at $500,000. Year-to-date condo sales held nearly even at 974 total sales, up 0.4% compared to Q1 2024. Condo properties spent more time on the market, with a median of 40 days, up from 29 days last March.⁠

March 2025 Report also shows:

• Active inventory continued to grow in March, ending the month with 773 single-family home and 2,302 condo listings, reflecting year-over-year increases of 33.0% and 54.2%, respectively. For single-family homes, inventory grew across all regions, with the largest unit gain in ‘Ewa Plain, where active listings increased to 144, up 73.5% from a year ago.
• Contract signings declined year-over-year in both markets, down 5.4% for single-family homes and 4.3% for condos. In the single-family home market, the largest drops occurred in the ‘Ewa Plain and Pearl City regions, which recorded 41 and 15 pending sales, respectively. For condos, most of the decline was concentrated in the Metro region, where pending sales fell from 264 to 223—a 15.5% decrease.

“We continue to see a balanced, stable O‘ahu real estate market. There are modest ups and downs in sales and median prices, but interest rates are playing a larger role in affordability than any single month’s price point. As inventory builds and fewer properties move quickly, we’re starting to see a shift in how homes are positioned and priced,” said Trevor Benn, President of the Honolulu Board of REALTORS®.⁠

O'ahu Housing Market Sees Mixed Activity in February

According to HBR's latest market report, single-family home and condo sales on O‘ahu were down despite a new record median sales price for single-family homes in February.⁠

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Condo sales dropped 12.3% year-over-year as the median condo price dipped 3.6% to $494,000. New listings increased 20.3% to 641 as more condos entered the market across all price points, with nearly 50% of new listings priced between $300,000 and $599,999. At the end of February, there were 2,160 active condo listings, up 55.6%.⁠

Meanwhile, single-family home sales fell 6.7%. New listings declined 4.7% to 281 while active inventory rose 21.5%, ending the month with 728 active SFH listings.⁠

February 2025 Report also shows:

• Homes continued to move at different paces across both markets. Single-family homes remained on the market for a median of 23 days, down from 30 days a year ago, while condos took longer to sell, with the median days on market increasing to 48 from 39.
• The median single-family home price hit a record $1,185,000, up 10.2% from last February and surpassing the previous peak set in May 2022. The increase was driven by a smaller sales sample, more transactions in the $1.1 million to $1.39 million range (27% of sales, up from 21% last year), and fewer home purchases below $899,999 (22% of sales, down from 30%). ⁠
• Buyer demand also varied, with pending sales down 13.4% for single-family homes and 2.3% for condos year-over-year. However, compared to January, contract signings increased, rising 11.5% month-over-month for single-family homes and 6.7% for condos, showing continued buyer interest despite shifting market conditions. ⁠Contract signings increased month over month, rising 11.5% for single-family homes and 6.7% for condos.⁠

“With the single-family home median price reaching a record high and condo inventory expanding across the island, market conditions are shifting, creating different opportunities for buyers and sellers. In this evolving landscape, understanding pricing strategies and market dynamics is critical. A REALTOR will provide expert guidance, helping buyers navigate available options and sellers position their properties competitively to achieve the best possible outcome,” said Trevor Benn, President of the Honolulu Board of REALTORS.⁠

O’ahu Housing Market Gains Early Momentum in 2025

According to HBR's latest market report, O‘ahu’s housing market saw an active start to the year, with both single-family home and condo sales and inventory increasing year-over-year. ⁠

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Single-family home sales totaled 196, up 6.5%  from January 2024 as the median sales price rose 9.7% to $1,120,000. New listings increased 17.9% with 336 properties coming to the market. Active inventory also rose 20.9%, ending the month with 734 listings. ⁠

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Condo/townhome sales grew 6.8% to 312 transactions as the median condo price increased 7.4%  to $539,500. There were 739 new condo listings, up 27.2%, with the greatest share of those listings in the $300,000 to $599,999 range, which added 343 new listings in January. The month ended with a total of 2,088 units in active inventory, with the largest growth in the $200,000 to $599,999 range with 1,096 active units.⁠

January 2025 Report also shows:

• Single-family homes recorded a median of 25 days on market, down from 29 days last year, while condos had a median of 39 days, up from 29 days.
• Pending sales declined slightly year-over-year, dipping about 5% in both markets, but contract signings experienced an uptick compared to a month ago, rising 7.7% for single-family homes and 15.2% for condos. January ended with 209 pending single-family home sales and 357 pending condo sales.
• The strongest growth in single-family home sales occurred in the $1,100,000 to $1,299,999 price range, more than doubling from 18 to 39 transactions. However, the data indicates that this increase was not driven by buyers overbidding, as 62% of those homes sold below the original list price, with sellers receiving a median of 97.4% of their asking price.
• Across all single-family home sales, 23% closed above the original asking price, nearly identical to last year. In the condo market, the upper price range of $1,000,000 and above accounted for a greater share of sales, rising 125% from 16 to 36 sales. Fewer condos closed above asking price, representing 10% of transactions compared to 17% last January.

“January’s increase in new listings has provided buyers with more choices across price points and regions. Every homeownership journey is different, and with more inventory available, buyers have a wider range of options to find a home that fits their needs. While demand remains steady, buyers are approaching transactions with more negotiation power, making it essential for sellers to understand market trends and position their properties competitively,” said Trevor Benn, President of the Honolulu Board of REALTORS®.⁠