Oʻahu Housing market Recorded Slowdown in Overall Sales Activity in May
Single-family homes show pricing resilience amid steady demand; condo market reflects shifting dynamics
According to figures released by the Honolulu Board of REALTORS®, inventory continues to build in O’ahu’s housing market in both single-family homes and condos. In May, 392 listings in single-family homes were added with 44% increase in the $800,000 to the $999,999 price range. Listings in condos rose to 688 with almost half of them priced between $300,000 and $599,999. Compared to last year at this time, active inventory in single-family homes increased by 27.8% and condos increased 54.8%.
Compared to last month (April 2025), single-family homes sales fell by 2.5% and condo sales fell by 5.3%.
Using data collected from its computerized Multiple Listing Service (MLS) system, the Board reported the following statistics:
Single-Family Home Resales
| Number of Sales | Median Sales Price | Average Sales Price | |
|---|---|---|---|
| May 2025 | 235-5.6% | $1,175,000+8.3% | $1,394,811 -1.7% |
| May 2024 | 249 | $1,085,000 | $1,419,039 |
Condominium Resales
| Number of Sales | Median Sales Price | Average Sales Price | |
|---|---|---|---|
| May 2025 | 374 -21.8% | $500,000 +1.0% | $638,701 +7.7% |
| May 2024 | 478 | $495,000 | $592,694 |
Click here for full report on the market statistics from the Honolulu Board of Realtor.