August Market Report
According to HBR’s latest report, Oahu condo/townhome sales declined 6.6% year-over-year in August as the median sales price dipped 1.0% to $510,000. The median days on market was 37 days, compared to 48 days last August. The month ended with 2,512 active condo listings, up 4.1% from a year ago.
Single-family home sales ticked up 1.9% year-over-year. The median sales price rose 12.2%, driven in part by a 74.1% increase in sales between $1,300,000 and $1,499,999. Homes were on the market for a median of 17 days, 5 days less than a year ago. Active inventory held steady, ending the month with 794 active SFH listings.
More than 1,300 Oahu properties priced at $500,000 and below have sold during the first eight months of 2026, with buyers closing on 183 properties in that price range in August to bring the year-to-date total to 1,397 sales. At month’s end, 1,232 active listings remained available in that price range. Through the first eight months of the year, 33% of all single-family home sales closed below $1 million, while 47% of condo sales closed below $500,000.
“With more inventory available in the condo market and buyers remaining cost-conscious, condo sellers faced greater competition and generally took longer to secure offers than single-family home sellers. Still, homes in both markets moved faster than a year ago, reflecting continued buyer activity. Condo buyers are also looking at maintenance fees, insurance and reserve funding as part of the monthly cost of ownership. Those carrying costs shape what condo buyers are willing to pay. Sellers who price realistically from the start and are upfront about their building’s financial position have generally seen stronger results,” said Aaron Tangonan, president of the Honolulu Board of REALTORS.
*Info courtesy of Honolulu Board of Realtors
