Here is a rewritten version of the title: Oahu Real Estate Market Insights June 2025
Quick Facts
- Single-family home sales increased by 12.0% compared to last year.
- Condo sales increased by 0.8% compared to last year.
- The median sales price for single-family homes was $1,125,000 in June.
- The median sales price for condos was $510,000 in June.
Oahu Real Estate Market Update: June 2025
The Honolulu Board of Realtors has released its latest report on the Oahu real estate market, and the numbers are in – year-over-year sales have ticked upward for both single-family homes and condos on the island. In this post, we’ll dive deeper into the numbers and offer our expert insights on what these trends mean for buyers and sellers alike.
A Shift in the Market
According to the report, single-family home sales have increased by 12.0% compared to last year, with 289 sales in June. This is a significant increase, and a welcome sign of strength in the market. Meanwhile, condo sales have seen a more modest increase of 0.8%, with 358 units sold last month.
So, what’s driving this upward trend? According to Trevor Benn, President of the Honolulu Board of Realtors, “Single-family home inventory is gradually increasing, giving buyers more opportunity and options.” This is likely due to a combination of factors, including increased listings and a slight slowdown in sales.
Single-Family Homes
Let’s take a closer look at the numbers for single-family homes. The median sales price for these homes was $1,125,000 in June, an increase of 0.4% compared to last year. This is a relatively modest increase, but it’s worth noting that the median days on market for single-family homes was 24 days in June, 3 days more than the previous month. This suggests that homes are taking slightly longer to sell, but buyers are still eager to make a purchase.
Condos
The condo market has been a different story. Sales were up 0.8% compared to last year, with 358 units sold in June. The median sales price for condos was $510,000, a decrease of 3.8% compared to last year. This is likely due to a combination of factors, including increased inventory and a slight decrease in demand.
The median days on market for condos was 40 days in June, which is relatively consistent with previous months. This suggests that condos are still moving quickly, but buyers are being more discerning in their purchasing decisions.
What Does This Mean for Buyers and Sellers?
So, what does this mean for buyers and sellers in the Oahu real estate market? For buyers, this means that there are more opportunities available, particularly in the single-family home market. With inventory slowly increasing, buyers have more options to choose from, and may be able to find a home that meets their needs.
For sellers, this means that it’s still a strong market, but one that requires a bit more finesse. With prices holding steady, but sales slowing slightly, sellers need to carefully price their homes and be prepared to negotiate to make a sale.
What’s Ahead?
So, what does the future hold for the Oahu real estate market? According to Benn, “Overall sales trends still reflect some caution, particularly in the condominium market.” This suggests that the market is still adjusting to changes in interest rates and other economic factors.
However, with inventory slowly increasing and prices remaining stable, we anticipate that the market will continue to move in a positive direction. For buyers and sellers alike, it’s a good time to stay informed and adapt to changing market conditions.
At Luva Real Estate, we’re committed to staying on top of the latest market trends and providing our clients with the best possible advice. Check out our blog for more market insights and expert opinions on the Oahu real estate market.
