Oahu Real Estate Market Report – February 2026

Homes priced at $500,000 and below accounted for 149 sales in February and 295 year-to-date, with 1,148 active listings available in that price range.

Overall, transaction counts remained consistent in February. Single-family home sales rose 6% year-over-year, with 177 sales compared to 167 last February, while condo sales were relatively steady with 291 sales, a 0.7% decrease from 293 transactions a year ago.

In February, single-family home sales in the $500,000 to $999,999 range rose 28.3% year-over-year, rising from 46 to 59 transactions. Sales also increased at higher price points: the $1,200,000 to $1,299,999 range climbed from 8 to 20 sales, and homes priced at $1.9 million and above rose from 20 to 31 transactions, contributing to the higher median sales price for the month. In the condo market, sales remained relatively steady across most price points, though the largest decline occurred in the $400,000 to $599,999 range, where sales fell 16.5% from 97 to 81 units.

The rolling 12-month median sales price for single-family homes reached $1,140,000 in February, compared to $1,100,000 in February 2025, a 3.6% uptick, reflecting a gradual change in home prices over the past year.

New listing activity was similar to the same period last year, with 284 new single-family home listings, a 1.1% year-over-year increase, while new condo listings declined 1.9% to 629.

Active inventory indicated tighter supply in the single-family home market, with 673 listings at the end of February. While this was steady compared to the previous month, it remained 7.6% below last year’s inventory level. In contrast, condo inventory rose 5.4% year-over-year to 2,276 listings.

Within the single-family home market, inventory in the $500,000 to $999,999 range declined to 177 listings, down from 256 a year ago, a 30.9% decrease. Supply grew most among higher-priced homes of $1.7 million and above, rising 24.1% year-over-year from 220 to 273 listings. In the condo market, inventory priced at $399,999 and below recorded the largest increase, climbing 27.6% to 786 listings.

The median days on market for single-family homes dropped to 17 days, compared to 23 days last February. Meanwhile, condos spent longer on the market, with a median of 56 days, up from 48 days a year ago.

Contract signings for single-family homes increased 4.7% year-over-year to 244 pending sales, while condo contract signings dipped 7.1% to 354 pending sales. In the single-family home market, the $900,000 to $999,999 range recorded the most activity and the largest year-over-year growth, with pending sales rising 50.0% from 26 to 39. In the condo market, the $300,000 to $599,999 range accounted for the largest share of contract signings, representing nearly 45% of pending sales, though activity in that range dipped 15.5% year-over-year from 187 to 158 contracts.

The portion of sales closing above the original asking price was unchanged from a year ago in both markets. In February, 25% of single-family home sales and 10% of condo sales closed above the original asking price.

Courtesy of the Honolulu Board of Realtors

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