What the Data is Really Telling us This Spring 2026

As of March 2026, the Oahu real estate market remains steady overall—but that doesn't mean conditions are the same everywhere.

Pricing trends, demand, and competition continue to vary across Honolulu and the island depending on property type, price range, and neighborhood. Understanding these differences is key to making informed real estate decisions in today’s market.

With long-term research tracking market activity since 1969, Locations provides deeper insight into how current trends compare to past cycles—helping buyers and sellers navigate with more clarity.

Key Takeaway:

Oahu is operating as a split market—single-family homes remain competitive with limited inventory, while condos are closer to balanced conditions with more flexibility for buyers.

Stable, Competitive, and Backed by Long-Term Data

Oahu’s housing market continues to show stability overall, supported by consistent demand and constrained supply. However, performance varies significantly depending on location and property type, making hyper-local insight more important than ever.

Long-term data helps put today’s conditions into context, allowing for more informed decisions rather than reacting to short-term shifts or headlines.

This is a market where strategy matters—opportunities are there, but they depend on pricing, preparation, and understanding local conditions.

Inventory Remains Tight—Especially for Single-Family Homes

• Single-family home inventory remains historically low
• Condo inventory is higher but near balanced levels
• Overall supply is still below long-term averages

Months of Remaining Inventory (MRI):
Single-family homes: ~3.0 months
Condos: ~6.5 months

Markets under six months typically favor sellers, while higher levels indicate more balanced conditions for buyers.

Buyers Are Still Competing—But More Selectively

• Median sold-to-list price ratios remain near 98%
• Roughly 1 in 3 to 1 in 4 homes sell above asking price
• Condo competition is increasing, but remains less aggressive

Well-priced homes in popular Honolulu neighborhoods continue to attract strong demand, while others may take longer to sell depending on condition and pricing strategy.

What to Watch in Today’s Market:

• Accurate pricing is critical in a more selective market
• Conditions vary significantly by neighborhood and property type
• Preparation and presentation directly impact buyer response

What This Means for Buyers and Sellers

Sellers are seeing the strongest outcomes when homes are priced appropriately for current market conditions and positioned strategically within their segment.

Buyers may find more flexibility in certain condo markets and select neighborhoods, where competition is less intense and timing can create opportunities.

Frequently Asked Questions

Is now a good time to buy on Oahu?

Opportunities exist depending on the property type, location, and your specific goals.

Are home prices declining?

Prices have generally stabilized, though trends vary across different parts of Oahu.

Is it still a seller’s market?

Single-family homes still favor sellers, while condos are closer to a balanced market.

Get a More Localized View of the Market

Connect with a Locations agent for insights tailored to your neighborhood, building, or price range.

This information is provided for general informational purposes only and reflects market conditions as of March 2026. Real estate trends may change and vary by location and property type. Consult a qualified real estate professional for guidance specific to your situation.