The Honolulu Board of REALTORS®, reported that O‘ahu’s sales volume, year-to-date, remains behind 2024 levels.
In April, single-family home sales dipped 8.0% year-over-year, with 241 sales, while condo sales fell 8.4%, with 395 units sold.
“Higher borrowing costs and rising maintenance fees are shaping how buyers evaluate their options,” said Trevor Benn, President of the Honolulu Board of REALTORS®. “Even as more inventory becomes available, we’re seeing a more deliberate, value-focused approach to decision-making.”
Sales for single-family homes are down 8.0% when compared to this time last year, with 241 sales in April 2025. Homes spent a median of 29 days on the market in April, 14 days more than the previous month. The median sales price for single-family homes was $1,170,000 in April 2025, representing an increase of 6.4% when compared to this time last year.
There were 395 condos sold last month, which is down 8.4% when compared to April 2024. The median number of days on the market for condos was 43 days last month. The median sales price for condos in April 2025 was $505,000, representing a decrease of 4.4% when compared to one year ago.