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