The April 2025 housing market stats are in — and the shift continues. While prices for single-family homes on Oahu are holding strong, the real opportunity right now lies in the condo market, where inventory is climbing and buyers are regaining control. Whether you're in the market for a luxury estate or a starter condo, understanding where the market is headed can give you a real advantage.

🏠 Single-Family Homes: Prices Up, Sales Down

April saw a 6.4% increase in the median sales price, bringing single-family homes to $1,170,000 — a clear signal of continued demand for detached housing. However, the number of homes sold dropped 8% year-over-year, with 241 closings compared to 262 last April.

📊 Key Single-Family Metrics:

  • Median Price: $1,170,000

  • Sales Volume: Down 8% YoY

  • Days on Market: 29 days (↑ 70%)

  • Inventory: 805 active listings (↑ 30%)

  • Luxury Market (Over $3M): 12.6 months of inventory = buyer’s market

Months of Remaining Inventory

Higher days on market and increased inventory indicate that sellers now face more competition, especially in the luxury segment, where months of remaining inventory have reached 12.6 months.

🏢 Condo Market: Buyers Have the Upper Hand

Condos are where the most noticeable shift is happening. The median condo price dropped 4.4% to $505,000, while inventory skyrocketed 60%, reaching 2,512 active listings — a level not seen in years.

📊 Key Condo Metrics:

  • Median Price: $505,000

  • Sales Volume: Down 8.4% YoY

  • Days on Market: 43 days (↑ 48%)

  • Inventory: 2,512 units (↑ 60%)

  • Months of Inventory: 6.8 = strong buyer’s market

With more choices and slower absorption, buyers now have negotiation power — especially in older buildings where insurance costs, life-safety upgrades, and plumbing repairs are motivating owners to sell.

💡 What This Means for You

  • Buyers: This may be one of the best moments in recent years to purchase a condo on Oahu, particularly if you’re looking for a long-term primary residence or investment property.

  • Sellers: In certain areas, pricing aggressively and staging well are crucial, especially in a market with rising inventory and more time on market.

For luxury sellers, being proactive is key — especially with over a year’s worth of inventory above $3M.

📞 Need Help Navigating the Market?

Whether you’re buying a condo in Honolulu or listing a home in Hawaii Kai, it pays to work with someone who knows the data and the neighborhoods.

📲 Call/Text David E. Buck (RB-20368) at 808-371-3509
🏢 Harcourts Island Real Estate – Local Knowledge. Trusted Results.