December Market Report
In December, single-family home sales increased 18.4% year over year to 270 transactions, and the median sales price rose 4.3% to $1,100,000. Homes recorded a median of 22 days on market, compared to 20 days the same time last year. Active inventory was down 5.9%, ending the month with 635 active SFH listings.
Condo sales grew by 11.5% to 360 units; however, the median price declined 5.2% to $512,000. This sector experienced a significant 12.3% surge in inventory, ending the month with 2,165 active listings. Consequently, the median time on market stretched to 44 days, an 8-day increase from last December.
Honolulu Board of REALTORS® President Aaron Tangonan noted that 2025 was defined by economic and policy shifts. He emphasized that while overall activity remained steady, the combination of rising inventory in certain sectors and fluctuating costs altered the pace of transactions across the island.
* info courtesy of Honolulu Board of Realtors
