Oahu Real Estate Market Update: What Happened in July 2026?

The Oahu real estate market showed some significant changes in July 2026, with single-family home sales, prices, and market activity all moving higher compared with the same period last year.

At the same time, the Oahu condo market continued to tell a different story. While condo sales and prices increased, rising inventory created more opportunities for buyers.

Here’s a closer look at the latest Oahu housing market statistics for July 2026.

Oahu Home Sales Jump 20.5%

One of the biggest headlines from the July 2026 Oahu real estate market was the increase in single-family home sales.

Oahu recorded 300 home sales in July, compared with 249 sales during the same month last year.

That represents a 20.5% increase in home sales year over year.

The increase suggests that more buyers and sellers are actively participating in the Oahu housing market compared with July 2025.

Oahu Home Prices Rise Nearly 14%

The median price for a single-family home on Oahu also increased substantially.

The median Oahu home price reached $1,224,500 in July 2026, compared with $1,075,000 one year earlier.

That represents a 13.9% year-over-year increase.

For buyers watching Oahu home prices, this continued appreciation is an important trend to monitor as affordability remains a major consideration in the Hawaii real estate market.

Oahu Homes Are Selling Faster

Another major change is how quickly homes are selling.

The median days on market dropped from 20 days last year to just 14 days in July 2026.

That means Oahu homes are selling approximately 30% faster than they were a year ago.

For sellers, faster sales can indicate strong buyer demand. For buyers, it reinforces the importance of being prepared when the right property becomes available.

Oahu Home Inventory Falls 5.9%

Inventory is also playing an important role in the Oahu housing market.

There were 802 homes available for sale at the end of July, compared with 852 a year earlier.

That represents a 5.9% decrease in inventory.

With approximately 3.2 months of remaining inventory, the single-family home market remains in seller's-market territory based on the six-month benchmark discussed in the video.

Oahu Condo Market Tells a Different Story

The Oahu condo market continues to provide a different set of opportunities for buyers.

Condo sales increased 6.9% year over year, rising from 389 sales to 416 sales in July 2026.

The median Oahu condo price also increased, reaching $504,500, compared with $490,000 a year earlier.

That represents a 3% increase in the median condo price.

Oahu Condos Are Selling Faster

Despite the increase in inventory, Oahu condos are also spending less time on the market.

Median days on market dropped from 50 days to 34 days.

That's approximately a 24% decrease year over year.

So while condos remain a buyer's market based on inventory levels, buyers are still competing for properties that are priced and positioned well.

Oahu Condo Inventory Is Increasing

The biggest difference between the single-family home and condo markets is inventory.

Oahu condo inventory increased 3.9% year over year, reaching approximately 2,554 condos for sale at the end of July.

The condo market has approximately seven months of remaining inventory.

That puts the Oahu condo market on the buyer's-market side of the six-month inventory benchmark discussed in the video.

For buyers, this can create opportunities to take more time, evaluate properties carefully, and potentially negotiate.

Could Oahu Condos Present a Long-Term Opportunity?

The July 2026 numbers point to an interesting dynamic in the Oahu real estate market.

Single-family homes have lower inventory and are moving quickly, while condos have more inventory and approximately seven months of remaining supply.

The video also highlights the challenges facing some Oahu condos, including special assessments across the island.

That creates short-term challenges for some condo owners and buyers. However, the broader idea presented is that buyers who can navigate today's challenges may potentially benefit from owning property over a longer five-year horizon.

Of course, every property and situation is different, so buyers should carefully evaluate the financial condition, assessments, location, and long-term potential of any condo before making a decision.

What Does This Mean for Oahu Buyers and Sellers?

The July 2026 Oahu housing statistics show two distinct markets.

For single-family homes:

  • Sales are up 20.5%.
  • Median prices are up 13.9%.
  • Homes are selling faster.
  • Inventory is down 5.9%.
  • There are approximately 3.2 months of remaining inventory.
  • The market remains a seller's market.

For condos:

  • Sales are up 6.9%.
  • Median prices are up 3%.
  • Condos are selling faster.
  • Inventory is up 3.9%.
  • Approximately 2,554 condos are available.
  • There are about seven months of remaining inventory.
  • The market remains a buyer's market.

The key takeaway is that the Oahu real estate market isn't moving in just one direction. The single-family and condo markets are experiencing very different conditions.

Final Thoughts on the July 2026 Oahu Housing Market

The July 2026 Oahu housing statistics show continued strength in the single-family home market, while the condo market offers buyers more inventory and potentially more negotiating opportunities.

Home sales are up, prices are higher, and homes are selling faster. Meanwhile, Oahu condos have seen moderate price and sales growth but continue to carry higher inventory levels.

If you're considering buying or selling real estate on Oahu, understanding these market differences is essential. The broad Oahu market provides a useful starting point, but local market conditions can vary significantly by neighborhood and property type.

For more information about the Oahu real estate market, contact David Buck with Harcourt Island Real Estate.