Oahu Real Estate Market Performance Review: Mid-Year Update 2025
Quick Facts
- Single-family home sales decreased by 7.4% in July 2025 compared to the same period last year.
- Condo sales remained unchanged with 389 units sold.
- The median sales price for single-family homes stood at $1,075,000, a 5.7% decrease compared to the same period last year.
- The median sales price for condos stood at $490,000, a 3.7% decrease compared to the previous year.
Oahu Real Estate Market Update: July 2025
The Honolulu Board of REALTORS(r) has released its latest report, providing valuable insights into the Oahu real estate market for July 2025. The report reveals that while single-family home sales took a dip, condo sales remained steady, providing a fascinating glimpse into the current market trends.
A Closer Look at the Numbers
According to the report, single-family home sales for July 2025 decreased by 7.4% compared to the same period last year, with 249 sales recorded. In contrast, condo sales remained unchanged, with 389 units sold. This subtle shift in the market can be attributed to various factors, including pricing, inventory, and buyer behavior.
What’s Driving the Change?
Trevor Benn, President of the Honolulu Board of REALTORS(r), offers valuable insights into the market trends. “While prices softened and more inventory became available, buyers appeared more strategic in July,” Benn noted. “
Single-Family Home Market Update
In July 2025, single-family homes spent a median of 20 days on the market, four days less than the previous month. While this indicates a faster sales pace, the median sales price for single-family homes stood at $1,075,000, a 5.7% decrease compared to the same period last year. This decline in pricing gives potential buyers a welcome respite, providing them with more flexibility in the market.
Condo Market Update
The condo market, on the other hand, remained resilient, with 389 units sold last month, a flat performance compared to the same period last year. The median number of days on the market for condos was 50 days, while the median sales price stood at $490,000, a 3.7% decrease compared to the previous year. This stability in the condo market makes it an attractive option for buyers seeking a more affordable entry point into the Oahu real estate market.
What Does This Mean for Buyers and Sellers?
For buyers, this market update offers a unique opportunity to find a property that meets their needs and budget. With pricing softening and more inventory available, buyers can take their time to find the right property, rather than feeling forced to make a decision in a competitive market. For sellers, it’s essential to price their properties competitively and be prepared to negotiate to attract potential buyers.
Luva Real Estate – Oahu Real Estate Market Update: July 2025
This article is brought to you by Luva Real Estate, a trusted authority on Oahu real estate. Our team of experts is dedicated to providing you with the latest market insights and trends to help you make informed decisions in today’s dynamic real estate market.
