Oahu's housing market continues to surprise buyers and sellers alike. While the number of home sales declined in June 2026, prices climbed to another all-time high, proving that demand remains strong despite limited inventory.
At the same time, the condo market is showing encouraging signs after several years of slowing activity. Sales increased, prices rose, and inventory declined for the third consecutive month.
Here's what the latest Honolulu Board of REALTORS® data means for anyone buying or selling real estate on Oahu.
Oahu Single-Family Home Market Update
June was another strong month for homeowners across Oahu.
Home Sales Declined, But Prices Hit a New Record
Although fewer homes sold compared to June 2025, buyers continued competing for a limited number of available properties.
June 2026 Single-Family Home Statistics
- Median Home Price: $1,242,500 (▲10.4%)
- Closed Sales: 270 (▼6.6%)
- Median Days on Market: 13 days (▼45%)
- Active Listings: 781 homes
The median sales price surpassed the previous record of approximately $1.2 million, highlighting just how competitive Oahu's housing market remains.
Why Are Home Prices Still Increasing?
Low inventory continues to drive the market.
With fewer than 800 homes available across the island, buyers have limited choices. Well-priced properties continue receiving strong interest and often sell within two weeks.
It's also important to remember that these statistics only include homes that successfully closed. Properties that never sold are not reflected in the monthly market report, meaning these numbers represent what buyers were actually willing to pay.
Is Oahu Still a Seller's Market?
Yes.
Single-family homes remain firmly in seller's market territory.
Key indicators include:
- Record-breaking home prices
- Extremely low inventory
- Homes selling in less than two weeks
- Continued buyer demand
For homeowners considering selling, market conditions remain favorable heading into the second half of 2026.
Oahu Condo Market Update
After several challenging years, the condo market may finally be showing signs of stabilization.
Condo Sales Are Rising Again
June produced encouraging results for condominium owners.
June 2026 Condo Statistics
- Median Condo Price: $528,000 (▲3.5%)
- Closed Sales: 397 (▲10.8%)
- Median Days on Market: 40 days
- Active Listings: 2,525 condos
This marks the third consecutive month of declining inventory, a positive shift after years of steady increases.
Is It Still a Buyer's Market for Condos?
Yes.
There are currently approximately seven months of inventory, which exceeds the six-month threshold generally associated with a buyer's market.
That means buyers continue to have:
- More choices
- More negotiating power
- Less competition than the single-family home market
However, improving sales and decreasing inventory could indicate that the market is beginning to shift.
What This Means for Buyers
If you're shopping for a single-family home on Oahu, preparation is essential.
Successful buyers should:
- Obtain mortgage pre-approval before beginning their search.
- Be ready to act quickly when new listings become available.
- Work with an experienced local Realtor who understands neighborhood trends.
- Avoid waiting for prices to decline, as inventory remains historically low.
Condo buyers currently enjoy more flexibility and negotiating opportunities, making this an attractive segment of the market.
What This Means for Sellers
For homeowners, conditions remain excellent.
If you've been considering selling, current market conditions offer:
- Record home values
- Limited competition
- Faster average selling times
- Strong buyer demand
Pricing your property correctly and presenting it well remain critical to maximizing your sale price.
June 2026 Oahu Housing Market Summary
The Oahu housing market continues to tell two different stories.
Single-family homes remain one of Hawaii's strongest seller's markets, with record prices and extremely limited inventory.
Meanwhile, the condo market appears to be moving toward greater stability after several years of slower activity.
Whether you're buying your first home, upgrading, investing, or preparing to sell, staying informed about local market trends is one of the best ways to make confident real estate decisions.
If you'd like personalized guidance based on your goals, I'd be happy to help.
David Buck
Harcourts Island Real Estate
📞 808-371-3509
Frequently Asked Questions
Why did Oahu home prices increase even though fewer homes sold?
Home prices continue rising because inventory remains extremely limited. Strong buyer demand for a small number of available homes pushes prices higher despite fewer total sales.
Is Oahu a buyer's or seller's market?
The single-family home market remains a strong seller's market due to low inventory and fast sales. The condo market remains a buyer's market with approximately seven months of available inventory.
Are Oahu condos recovering?
June 2026 showed encouraging signs. Condo sales increased 10.8%, median prices rose 3.5%, and inventory declined for the third consecutive month.
How long are homes staying on the market?
Single-family homes sold in a median of just 13 days during June 2026, while condos averaged 40 days on market.