The Honolulu Board of REALTORS®, reported that overall sales have slowed for both single family homes and condos on O‘ahu.
The Honolulu Board of REALTORS®, reported that overall sales have slowed for both single family homes and condos on O‘ahu. In May, single-family home sales dipped 5.6% year-over-year, with 235 sales, while condo sales fell 21.8%, with 374 units sold.
“We are seeing an increasingly price-conscious and value-driven buyer mindset,” said Trevor Benn, President of the Honolulu Board of REALTORS®. “Higher borrowing costs, inflation, and rising carrying costs like maintenance fees are contributing to longer decision cycles. REALTORS® remain key partners in helping buyers and sellers stay informed and adapt to changing market dynamics.”
Sales for single-family homes are down 5.6% when compared to this time last year, with 235 sales in May 2025. Homes spent a median of 21 days on the market in May, 8 days less than the previous month. The median sales price for single-family homes was $1,175,000 in May 2025, representing an increase of 8.3% when compared to this time last year.
There were 374 condos sold last month, which is down 21.8% when compared to May 2024. The median number of days on the market for condos was 39 days last month. The median sales price for condos in May 2025 was $500,000, representing an increase of 1.0% when compared to one year ago.