Oahu Real Estate Market Report – June 2025

According to resale figures released today by the Honolulu Board of REALTORS®, Oʻahu’s housing market experienced a slight boost in June, with single-family home sales rising 12% and condominium sales up 0.8%, year-over-year. Compared to the first half of 2024, year-to-date sales were down in both markets, 2.1% for single-family homes and 6% for condominiums.

New Listings and Active Inventory Rise

The resale market continued to see more sellers enter the market in June, with new listings for single-family homes rising 19.2% year-over-year to 398, and condo new listings up 7.9% to 671. Active inventory of single-family homes rose 5.3% from a month ago, while condo active inventory inched down 0.5%. Compared to the same time one year ago, both the single-family home and condo markets offered more active listings, up 31.9% and 47.0% respectively. June ended with 861 active single-family home listings and 2,542 active condo listings.

With condo active inventory higher across all price points and regions, and units spending more time on the market, a growing share of condos have undergone price adjustments. Approximately 42% of units that were active at the end of June indicated a price decrease occurred since it was first listed, compared to 34% of active units in June 2024.

Sales Volume and Contract Signings Up in Some Areas

In June, single-family home sales activity shifted, with sales rising across most price points. The largest unit growth occurred in the $800,000 to $1,099,999 range, with 109 sales compared to 85 in June 2024, up 28.2%. Single-family home contract signings jumped in a number of areas, but most significantly in the Ewa Plain region, which rose 44.4% from 36 to 52 pending sales. Condominium sales increased primarily in the lower to mid-range price points of $100,000 to $699,999, which accounted for 259 sales, an 11.2% boost from 233 sales in June 2024. Condominium buyers appeared to be more active in a few regions. Pending sales more than doubled in Hawaii Kai (from 7 to 20 units) and Waipahu (13 to 27), and rose 35.5% in Ewa Plain, from 31 to 42.

Median Sales Prices Change Modestly

The June single-family home sales price reflected a nominal change from a year ago, up 0.4% from $1,120,000 to $1,125,000. Approximately 35% or 473 single-family home sales closed below $1 million compared to approximately 42%, 568 sales, in the first half of 2024. The June condominium median sales price declined 3.8% year-over-year from $530,000 to $510,000.

Homes Remained on the Market Slightly Longer

Both single-family homes and condominiums experienced more time on market compared to 2024, about one week longer for single-family homes and two weeks longer for condominiums. In June, the median days on market was 24 days for single-family homes and 40 days for condominiums. As condo inventory swelled, units spent more time on the market before securing offers. In June, only a handful of regions indicated a condominium median days on market below 30 days, including Hawaii Kai, Kailua, Kaneohe and Waipahu.

Courtesy of the Honolulu Board of Realtors

Go to Market Report Top Page >