Oʻahu Housing market Recorded Slowdown in Overall Sales Activity in May

Single-family homes show pricing resilience amid steady demand; condo market reflects shifting dynamics

According to figures released by the Honolulu Board of REALTORS®, inventory continues to build in O’ahu’s housing market in both single-family homes and condos. In May, 392 listings in single-family homes were added with 44% increase in the $800,000 to the $999,999 price range. Listings in condos rose to 688 with almost half of them priced between $300,000 and $599,999. Compared to last year at this time, active inventory in single-family homes increased by 27.8% and condos increased 54.8%.

Compared to last month (April 2025), single-family homes sales fell by 2.5% and condo sales fell by 5.3%.

Using data collected from its computerized Multiple Listing Service (MLS) system, the Board reported the following statistics:

Single-Family Home Resales

Condominium Resales

	Number of Sales	Median Sales Price	Average Sales Price
May 2025	374  -21.8%	$500,000  +1.0%	$638,701 +7.7%
May 2024	478	$495,000	$592,694

Click here for full report on the market statistics from the Honolulu Board of Realtor.