O’ahu Real Estate Market Report – July 2025
Oʻahu Real Estate Continues to Recalibrate
The real estate market on Oʻahu showed further signs of adjustment in July. Sales of single-family homes declined by just over 7 percent compared to last year, while condominium sales held steady. At the same time, prices came down slightly. The median price for a single-family home was $1,075,000, while condos averaged $490,000. Despite the drop in pricing, the pace of accepted offers picked up. Homes under contract rose nearly 10 percent for houses and more than 13 percent for condos, suggesting that buyers are still active and watching for the right opportunity.
Buyers Benefit from More Inventory and Time
For buyers, market conditions continue to improve. Inventory levels rose again, offering more selection and less pressure. Compared to last year, there are now 18 percent more single-family homes and nearly one-third more condos available. Homes are also taking longer to sell, with houses spending a median of 20 days on the market and condos sitting for 50 days. That extra time can give buyers more confidence, better negotiating power, and the ability to move at a thoughtful pace, especially with interest rates staying consistent through July.
Sellers Should Prepare for a More Thoughtful Market
Sellers are no longer operating in the rapid-fire market of the past few years. Although some neighborhoods, like Hawai‘i Kai and Metro, are still seeing homes sell quickly, the overall pace has slowed, and fewer homes are going above asking price. To attract serious buyers, sellers should focus on accurate pricing and strong presentation. The buyers are out there, but they are doing their homework and comparing options. A well-prepared listing stands a much better chance of getting noticed.
The Months Ahead Call for Strategy
With the recent rise in pending sales, we may see momentum pick up going into the fall. However, this is still a market in transition. Whether you are a buyer or a seller, it’s important to understand what is happening in your specific price point and neighborhood. Success in this type of market isn’t about timing the peak—it’s about making well-informed decisions backed by current data.
Ready to Make a Move? Let’s Connect.
If you’re planning to enter the market or just want clarity on where things stand, I’m here to help. Let’s review the latest numbers, talk through your options, and create a custom plan that works for you in today’s conditions.
