Allen Hanaike RA, PO Box 19130, Honolulu, HI (2026)

06/06/2026

** MAY DATA **

O’ahu Single-Family Home Sales Increase Heading Into Summer

O’ahu’s housing market showed mixed results in May, with single-family home sales gaining momentum while condominium activity remained below last year’s pace. Single-family home sales increased 8.5% year-over-year to 255 transactions, while condo sales declined 9.4% to 339 closings. Median sales prices remained relatively stable, with the single-family home median easing 0.8% year-over-year to $1,166,000 and condo median increasing 4.0% to $520,000.

Highlights from our May Monthly Statistics Report:

• Properties priced at $500,000 and below accounted for 157 sales in May and 823 year-to-date, with 1,193 active listings available in that price range.
Buyer activity remained stronger than a year ago, with pending sales increasing 8.8% in the single-family home market and 7.0% in the condo market.

• Thirty-five percent of single-family home sales closed above the original asking price, compared to 29% a year ago. In the condo market, 9% of sales closed above asking price, down from 11% last May.

• Single-family homes spent a median of 13 days on market in May, down from 21 days a year ago, while condo median days on market increased from 39 to 43 days.

• New listings for single-family homes increased 3.3% year-over-year from 392 to 405 listings. Condo new listings dipped 1.5% from 688 to 678 listings.

• Active inventory remained below 2025 levels in both markets, down 10.8% for single-family homes and 6.6% for condos.

05/09/2026

** APRIL DATA **

O’ahu Home Prices Ease as Sales Volume Declines

April saw a modest decline in sales activity across O’ahu’s housing market, with single-family home sales down 4.6% year-over-year to 230 transactions and condo sales dropping 4.3% to 378. Median sales prices in both markets also recorded slight decreases, with single-family homes down 1.7% and the condo median price dipping 1.0% to $500,0000.

Highlights from our April Monthly Statistics Report:

Properties priced at $500,000 and below accounted for 193 sales in April and 666 year-to-date, with 1,168 active listings in that price range.
Sales activity increased across select price ranges, with single-family home sales in the $900,000 to $1,099,999 range up 37.8% year over year. Condo sales rose in both the $400,000 to $499,999 and $1,000,000 to $1,999,999 ranges, up 26.9% and 50.0%, respectively.
Properties moved at a quicker pace compared to last year, with single-family homes spending a median of 24 days on market, down from 29 days, while condos decreased from 43 to 38 days.
Pending sales indicated continued buyer engagement, with single-family home contract signings up 1.5% year-over-year and condo pending sales increasing 8.0%.
“Broader economic factors, including mortgage rates, condo insurance, and overall affordability, are influencing how buyers approach the market. Increased contract signings in both markets are encouraging and indicate buyers remain engaged and continue to move forward with the right opportunities presented,” said Aaron Tangonan, president of the Honolulu Board of REALTORS®.

04/09/2026

** MARCH DATA **
Single-Family Home Sales Increase in March While Condo Activity Softens

March brought increased activity in O’ahu’s single-family home market, particularly among homes priced below $1 million, while condominium/townhome activity was more measured compared to a year ago. Single-family home sales rose 26.2% year-over-year to 260 transactions, while condo sales declined 4.9% to 351. Median sales prices in both markets recorded modest increases, with single-family homes rising 3.4% and condominium median prices increasing 2.0% to $510,000.

Highlights from our March Monthly Statistics Report:

• Properties priced at $500,000 and below accounted for 178 sales in March and 473 year-to-date, with 1,138 active listings in that price range.
• Nearly 50% of condominium sales occurred in the $300,000 to $599,999 range, with single-family home transactions at $999,999 and below rising 31.9% year-over-year.
• Days on market: Homes spent slightly more time on the market, with single-family homes at a median of 21 days compared to 15 days last March, while condominiums increased from 40 to 43 days.
• Active inventory: At the end of March, inventory remained limited for single-family homes, ending with 691 active listings, down 10.6% year-over-year, while condominium inventory was relatively unchanged with 2,294 condo listings, a 0.3% dip.

“We continue to see encouraging activity below the $1 million price range, which is an important indicator for local buyers and overall market accessibility,” said Aaron Tangonan, president of the Honolulu Board of REALTORS®. “As more resources and programs become available for first-time homebuyers, we’re hopeful this will help sustain momentum, particularly among local residents.”

03/18/2026

Aloha!

Lordy, lordy - I made it to 19+40!!

I’d welcome your consideration and kokua in supporting the Hawaiian Historical Society this year.

You gift will help us continue our 133 year legacy of preserving Hawaii’s rich history.

Donations of $5, $9, or $59 will be most warmly welcomed and appreciated! 😝 (Or any other amount too!)

Not a fan of donating through Meta/IG? Use our direct link (via our Bloomerang Donation Page):

https://crm.bloomerang.co/HostedDonation?ApiKey=pub_2956365f-b0ff-11e6-bb7f-024e165d44b3&WidgetId=11136000

03/08/2026

** FEB DATA **

O’ahu Housing Market Records Stable Sales Activity in February

February’s housing market recorded modest year-over-year increases in median sales prices, with single-family homes up 1.7% and the condominium median price increasing 1.2%. 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.

Highlights from our February Monthly Statistics Report:

• 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.
• Days on market: Single-family homes moved faster with a median of 17 days on market compared to 23 days last February, while condominiums took longer to sell at 56 days, up from 48 days.
• New listings: Seller activity remained similar to last year, with 284 new single-family home listings recorded in February, a 1.1% year-over-year increase, while new condominium listings declined 1.9% to 629.
• Active inventory: At the end of February, active inventory totaled 673 single-family homes, remaining 7.6% below last year’s levels, while condominium inventory increased 5.4% year-over-year to 2,276 listings.

“February’s median price reflects the mix of homes that sold during the month rather than a sudden shift in market conditions,” said Aaron Tangonan, president of the Honolulu Board of REALTORS®. “February typically represents one of the smaller sales samples of the year, and a greater share of sales in higher price ranges influenced the monthly median. Looking beyond a single data point is where working with a REALTOR® can help buyers and sellers better understand broader market trends.”

02/17/2026

** JAN DATA **

O’ahu Housing Market Begins 2026 with Stable Single-Family Home Sales, Softer Condo Activity | Homes priced at $500,000 and below account for 146 sales in January as overall market activity remains steady

O’ahu’s housing market opened 2026 with generally steady conditions compared to January 2025, with single-family home sales holding relatively stable and condominium activity softening year-over-year. Properties priced at $500,000 and below accounted for 146 year-to-date sales in January, with more than 1,000 active listings available in that price range. Overall, single-family home sales totaled 194 transactions, down 1.0% from a year ago, while condominium sales declined 4.8% year over year to 297.

Highlights from our January Monthly Statistics Report:

• The median sales price for single-family homes modestly increased 0.2% year over year, while the condo median price dipped 1.9%.

• Homes spent more time on the market, with single-family homes recording a median of 27 days compared to 25 days last January, and condominiums increasing from 39 to 47 days.

• New listings for single-family homes rose 2.1% year-over-year to 343, while condominium new listings declined 5.8% to 696.

• Active inventory for single-family homes dropped 8.2% year-over-year to 674 listings, while condominium inventory grew by 5.8% to 2,210 listings at the end of January.

“There is often a perception that sales activity is concentrated at the upper end of the market,” said Aaron Tangonan, president of the Honolulu Board of REALTORS®. “January data for properties in the $500,000 and below range reflects the diversity of listings and buyer activity on O’ahu, and shows that opportunities for homeownership continue to exist, even as market conditions vary across segments.”

02/17/2026

In December 2025:

• Single-family home sales increased 18.4% year-over-year to 270 transactions, while condo sales rose 11.5% to 360.

• The median sales price for single-family homes increased 4.3% to $1,100,000, while the condo median price declined 5.2% to $512,000 following December 2024’s record high.

• Median days on market increased for condos from 36 to 44 days, while single-family homes saw a smaller change, rising from 20 to 22 days year-over-year.

• New listings declined in both markets, with single-family home listings down 7.9% and condo listings down 1.3% compared to last December.

• Active inventory for single-family homes declined 5.9% from year-end 2024 levels, while condo inventory remained higher than a year ago, up 12.3%.

“In 2025, O’ahu’s housing market was shaped by a combination of economic, financial, and policy-related factors that influenced how buyers and sellers approached the market,” said Aaron Tangonan, president of the Honolulu Board of REALTORS®. “While overall activity remained steady, increased inventory, shifting costs, and broader uncertainty changed the pace and dynamics of transactions across both markets.”

02/17/2026

** NOV DATA ** (Late Post)

O’ahu Single-Family Home Sales Rise as Condo Sales Slip in November | Median prices dip slightly as new listings and active inventory shift across both markets

O’ahu’s housing market saw a blend of growth and softening in November. Single-family home sales increased 18.7% year-over-year to 241 transactions, while condominium/townhome sales declined 7.3%, falling from 341 to 316. Median sales prices eased in both segments, with single-family homes dipping 1.3% to $1,100,000 and condominiums declining 8.0% to $487,450.

Highlights from our November Monthly Statistics Report include:

• Properties continued to take longer to sell, with single-family homes recording a median of 27 days on market and condominiums at 40 days, up from 24 and 32 days last year, respectively.

• Single-family home sales more than doubled year-over-year in the $800,000 to $899,999 range (14 to 33 sales) and $2 million and above range (16 to 34 sales).

• Condo sales grew 28.1% in the $100,000 to $399,999 range. In contrast, the $500,000 and above range saw a 22.4% decline, contributing to the 8.0% drop in the median sales price in November.

• Fewer properties closed above the original asking price, with 27% of single-family homes and 9% of condos selling above list price.

• Seller activity slowed this month, with new single-family listings down 8.1% and new condo listings decreasing 12.2%. Active inventory remained mixed, with single-family supply down 3.3% and condo inventory up 11.5%.

“November’s results reflect a market adjusting to shifts in buyer demand, pricing and inventory,” said Trevor Benn, President of the Honolulu Board of REALTORS®. “Even with fewer new listings, buyers remained active across many neighborhoods and price points, keeping pending sales steady.”

11/14/2025

** OCT DATA **

O’ahu Home Sales Steady in October while Condo Activity Picks Up | Median prices rise modestly as properties spend more time on market

O’ahu’s housing market recorded steady single-family home sales and modest gains in condominium activity in October. Single-family home sales were flat year-over-year with 261 transactions, while condominium sales rose 9.4% from 405 to 443. Median sales prices experienced modest growth, with single-family homes increasing 5.7% to $1,162,500 and condominiums rising 1.9% to $535,000.

Highlights from our October Monthly Statistics Report include:

• Properties took longer to sell, with a median of 26 days for single-family homes and 44 days for condos, compared to 16 and 26 days last October.

• By price point, single-family home sales in the $700,000 to $999,999 range declined 18.9%, while sales at $1.9 million and above rose 38.7%.

• Condominium activity also increased at both ends of the market, with sales under $299,999 up 50% and sales at $700,000 and above climbing 21%.

• About 25% of single-family home sales closed above the original asking price, compared to 10% of condominium sales, both lower than a year ago.

• Seller activity picked up slightly, with single-family home listings increasing 3.7% and condominium listings rising 7.4%.

“October’s numbers point to steady conditions across the island,” said Trevor Benn, President of the Honolulu Board of REALTORS®. “Sales remained consistent as buyers and sellers continued to adjust to a market with more inventory and where properties move at a more moderate pace.”

Allen Hanaike RA

06/06/2026

05/09/2026

04/09/2026

03/18/2026

03/08/2026

02/17/2026

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11/14/2025

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