January Market Update
Oahu’s housing market began 2026 on stable footing, with single-family home sales remaining steady while the condominium sector showed signs of cooling.
Single-Family Homes:
The market for single-family homes remained tight and resilient in January 2026:
Sales: 194 transactions occurred, a minor 1.0% dip from January 2025.
Median Price: The median sales price rose slightly by 0.2% to $1,122,500.
Market Pace: Homes stayed on the market for a median of 27 days, just two days longer than the previous year.
Inventory: Active listings dropped 8.2%, ending the month with only 674 available homes.
Condos & Townhomes:
The condo segment experienced more significant shifts as inventory expanded:
Sales: Volume fell 4.8% year-over-year to 297 units.
Median Price: The median price for a condo dropped 1.9% to $529,000.
Market Pace: Listings took longer to sell, with a median of 47 days on market (up 8 days from last January).
Inventory: Supply grew 5.8%, reaching 2,210 active listings.
Despite high median prices, entry-level opportunities remain active. Properties priced at $500,000 or below saw 146 sales in January, with more than 1,000 active listings still available in that bracket. Honolulu Board of REALTORS® President Aaron Tangonan emphasized that this data refutes the perception of a market purely dominated by high-end sales, noting that opportunities for homeownership continue across various price segments.
