2427 Kuhio Avenue
Honolulu, HI 96815

Oahu Housing Inventory Snapshot The June 2024 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of June 27, 2024, and depicting a robust Oahu housing market across all segments with varying degrees of price increases and market activity. Single-family homes and luxury properties show stable to moderate price increases, while condos and luxury condos exhibit stronger price appreciation. The decrease in days on market for sold properties across most segments indicates a competitive market environment with properties selling relatively quickly compared to previous periods. Overall, the Oahu housing market presents opportunities for both buyers and sellers, who should remain vigilant and adaptable in response to evolving conditions. State of the Oahu Housing Market The latest housing inventory snapshot for Oahu County, HI, as of June 27, 2024, provides valuable insights into the current state of the housing market in the region and appears strong across different property types, characterized by generally increasing average prices and active market participation.  The market for single-family homes on Oahu shows steady increases in both average list and sold prices over the last 30 days, albeit at a moderate pace. Days on market for active listings have slightly decreased, indicating ongoing demand and relatively quick turnover for sold properties. The luxury segment shows notable increases in both list and sold prices, indicating strong demand and potential seller confidence. While days on market for active listings have decreased significantly for sold properties, suggesting a robust market for high-end homes. Condo and townhome prices have shown a slight increase in list prices and a more significant rise in sold prices over the past month, indicating strong buyer activity. Days on market for sold properties have improved slightly, suggesting a balanced market with active turnover. The luxury condo and townhome market has shown a decrease in average list prices but a substantial increase in sold prices, indicating strong demand despite the higher price points. Days on market for sold properties have improved significantly, suggesting active buying interest in upscale condominiums and townhouses. While some segments like luxury condos have seen fluctuations in list prices, there's consistent growth in sold prices, indicating varying levels of demand and market dynamics. Additionally, we are seeing noticeable variability in demand across the housing segments. Luxury properties, both single-family homes and condos/townhomes, show robust demand as evidenced by significant increases in sold prices which suggests a strong appetite for high-end real estate on the island. Generally, days on market for sold properties have decreased or remained stable across all segments which can indicate that properties are selling relatively quickly once listed, reflecting the fore mentioned active buyer interest and competitive market conditions.