Hawaii Housing Market Shows Mixed Trends as Inventory Gives Buyers More Options

Hawaii’s residential real estate market is showing mixed conditions as buyers and sellers navigate changes in prices, inventory and demand across the islands.

Recent data from the Honolulu Board of REALTORS® shows that the Oʻahu market continued to see active buyer activity in August, although conditions differed between single-family homes and condominiums.

Oʻahu Market Shows Different Trends by Property Type

In August 2026, 264 single-family homes sold on Oʻahu, an increase of 1.9% from August 2025. The median sales price rose 12.2% year over year to $1.24 million.

The condominium market moved differently. 365 condos sold, down 6.6% from the previous year, while the median condo price declined 1.0% to $510,000.

This difference shows why Hawaii’s housing market cannot be described by a single price trend.

Inventory Gives Buyers More Choices

Condo inventory increased more noticeably during August. Active condo listings were up 4.1% year over year to 2,512 listings, while single-family active inventory increased only 0.5% to 794 listings.

New listings also increased. Single-family new listings were up 14.5% from the previous year, while new condo listings increased 6.4%.

For buyers, additional listings can provide more opportunities to compare properties, prices and locations.

Homes Are Still Moving

Despite the additional inventory, properties continued to sell relatively quickly on Oʻahu.

Single-family homes spent a median of 17 days on the market in August, compared with 22 days a year earlier. Condominiums had a median of 37 days, improving from 48 days the previous year.

The data suggests that buyers remain active, although condo sellers are facing more competition than single-family sellers.

What This Means for Buyers and Sellers

For buyers, the increase in available listings—particularly condos—can provide more opportunities to compare properties and consider factors such as price, location, maintenance costs and building finances.

For sellers, pricing remains important. The Honolulu Board of REALTORS® reported that single-family sellers received a median of 100% of their original asking price in August, while condo sellers received 97.1%.

The market can also vary significantly between islands and individual neighborhoods, so statewide figures should not be treated as a substitute for local market data.

Looking Ahead

Hawaii’s housing market continues to show a combination of strong prices, active buyers and changing inventory levels.

Rather than pointing to one statewide direction, the latest data shows different conditions by property type and location. Buyers and sellers can benefit from reviewing recent comparable sales, available inventory and days on market when evaluating a particular property.

For specific buying or selling decisions, working with a licensed local real estate professional can help residents understand the conditions affecting their neighborhood.