Market Updates

May 8, 2023

Oahu Real Estate Market Update April 2023

April 2023 Oahu Real Estate Market Update Graphic

O‘ahu Home Sales Slow in April While Days on Market Improves from Last Month

Single-family home and condo sales volume, median prices, new listings dip compared to 2022

According to resales figures released today by the Honolulu Board of REALTORS®, April single family home and condo sales slipped 43.0 ...

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April 10, 2023

Oahu Real Estate Market Update March 2023

March 2023 Oahu Real Estate Market Update Graphic

Median Sales Price for O‘ahu Condos Reaches Record High

Single-family home and condo sales pick up in March after a seasonal slump

O‘ahu’s housing market experienced a boost in activity from February to March, with sales rising approximately 36% month-over-month in both single-family home and condo markets. Although year-over-year sales ...

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March 6, 2023

Oahu Real Estate Market Update February 2023

February 2023 Oahu Real Estate Market Update Graphic

O‘ahu Home Sales Pick Up Month-to-Month, Remain Down Year-Over-Year

Single-family homes are taking nearly four times longer to sell, and condos are taking two times longer to sell compared to 2022.

O‘ahu’s housing market remained sluggish in February, with closed sales of single-family homes and condos down 28.2% and ...

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Feb. 6, 2023

Oahu Real Estate Market Update January 2023

January 2023 Oahu Real Estate Market Update Graphic

New Year Sees Home Sales Fall by Half, Median Sales Prices Dip Modestly

Single-family home median sales price falls below $1 million

The new year begins with closed sales of O‘ahu properties falling significantly year-over-year, with single family homes dropping 54.0% and condos declining 50.2%. After 17 consecutive ...

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Jan. 6, 2023

Oahu Real Estate Market Update December 2022

December 2022 Oahu Real Estate Market Update Graphic

O‘ahu Home Sales Cool in 2022 Amid Rising Mortgage Rates

Single-family home and condo sales volume saw double-digit declines despite a strong start to the year

December 2022

Year-over-year sales for single-family homes plummeted 46.6%, while condo sales were down 39.3%. The median sales price for a single-family ...

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Dec. 7, 2022

Oahu Real Estate Market Update November 2022

Oahu Real Estate Market Update Graphic November 2022

Price Reductions Increase Amid Sluggish O‘ahu Home Sales

Median sales price for condos drops 4% year-over-year to $480,000

O‘ahu’s single-family home and condo markets experienced a significant year-over-year decline in sales, falling 48.2% and 43.4%, respectively. The median sales price for a single-family home rose 9.5 ...

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Nov. 7, 2022

Oahu Real Estate Market Update October 2022

Oahu Real Estate Market Update Graphic October 2022

Oahu Home Sales Drift Downward Amid Dampened Buyer Activity

Properties are spending longer on the market, marking a median of 19 days

Buyer activity continues to slow with closed sales of single-family homes dropping 41.7% and condos falling 28.8%. Median sales price growth has also decelerated, though prices ...

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Oct. 6, 2022

Oahu Real Estate Market Update September 2022

Oahu Real Estate Market Update Graphic September 2022

Sales of O‘ahu Homes Cool Amid Rising Mortgage Rates

Median sales prices remain relatively flat, active inventory builds gradually

Rising mortgage rates are weighing on home sales. Year-over-year, single-family home and condo sales dropped 34.4% and 19.3%, respectively, and compared to August 2022, single family home sales were ...

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Sept. 8, 2022

Oahu Real Estate Market Update August 2022

Oahu Real Estate Market Update Graphic August 2022

Sales of Oahu Homes Return to Pre-Pandemic Levels

Median sales price for condos dips to under $500,000

More than 300 single-family homes and more than 500 condos sold in August, which is near pre-pandemic annual average closed sales per month for single-family homes and above average for condos. Median ...

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Aug. 10, 2022

Oahu Real Estate Market Update July 2022

Oahu Real Estate Market Update – July 2022

Oahu Real Estate Market Update Graphic July 2022

Sales of O‘ahu Homes, Condos Fall Nearly a Quarter in July

Properties continue to move into contract quickly despite cooling demand

Closed sales in both single-family home and condominium markets declined by 22.8% year over-year. Sales also slipped from a month ...

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Posted in Market Updates