The Oahu real estate market is experiencing notable changes this July 2025, with fresh opportunities emerging for both buyers and sellers. David Buck of Harcourts Island Real Estate shares the latest market stats and insights.
Single-Family Homes: Cooling but Still a Seller’s Market
Sales of single-family homes fell 7.4% compared to July 2024, with 249 homes sold versus 269 a year ago. Median prices dipped 5.7%, from $1,140,000 to $1,075,000. Homes are taking longer to sell, with median days on market rising from 15 to 20.
Inventory grew 18% year-over-year, from 722 to 852 active listings. While this is a noticeable increase, it’s still low compared to historical levels — and at 3.7 months of remaining inventory, the market remains in seller’s territory.
Home Sales by Price Range
A major factor behind the price drop? Most sales are happening in the $800K–$1M range, with fewer high-end sales above $3 million.
Condos: Stable Sales, Buyer-Friendly Conditions
Condo sales held steady at 389 units sold, exactly matching last July’s total. However, median prices fell 3.7% to $490,000, and days on market jumped 66%, from 30 to 50 days.
Inventory increased 31.7%, creating more choices for buyers. At 6.8 months of remaining inventory, condos are firmly in buyer’s market territory. One factor influencing the slowdown: the ongoing effects of the 2024 condo insurance crisis, when over 300 buildings were found to be underinsured.
Condo Sales by Price Range
Interestingly, high-end condos saw more activity, with sales above $2 million more than doubling compared to last year.
Key Takeaway
Oahu’s market is evolving, with single-family homes cooling but still favoring sellers, and condos offering opportunities for buyers. Market dynamics vary by neighborhood, so local expertise is key.
For personalized advice, contact David Buck at 808-371-3509.