The June 2025 real estate stats just came out and here’s a quick recap of the things you need to know.
A Boost in Summer Activity
Oʻahu’s housing market held steady in June, with some positive momentum in both the single-family and condo markets. While prices remain relatively flat year-over-year, there are clear signals that buyer activity is still present—especially in the single-family home segment. According to the Honolulu Board of REALTORS®, single-family home sales rose 12% compared to June 2024, and condo sales edged up by just under 1%. These numbers offer some encouragement as the market adapts to higher inventory levels and longer time on market.
More Homes, More Sales: A Healthy Sign
The most notable stat this month? The number of closed sales for single-family homes continues to rise—even as active inventory also climbs. In June, we saw 289 single-family homes close escrow, up from 258 in the same month last year. At the same time, active inventory jumped from 653 to 861—a 32% increase. That combination tells a compelling story: buyers now have more options and they’re acting on them. The market isn’t stalling under the weight of new listings; instead, it’s absorbing them. This balance of rising supply and increased buyer activity is rare and reflects growing consumer confidence in today’s market conditions.
Single-Family Market Stays Competitive
When we look at prices, the median for single-family homes came in at $1,125,000, up just slightly from $1,120,000 a year ago. The modest increase suggests that sellers are being realistic, even as competition improves. In fact, 35% of June’s closed sales came in under $1 million—a lower share compared to the first half of the year, but still indicative of opportunity for budget-conscious buyers. Meanwhile, median days on market lengthened a bit, now sitting at 24 days (compared to 15 in June 2024), meaning buyers have a little more breathing room to make decisions.
Condo Market Softens, but Buyers Remain Active
On the condo side, the picture is a bit more nuanced. The median price declined 3.8%, from $530,000 to $510,000, and inventory rose significantly—up 47% year-over-year to 2,542 active units. With that much supply, it’s no surprise that condos are sitting on the market longer. Median days on market grew to 40 (from 26 last year), and nearly 42% of active listings in June had experienced a price adjustment. Buyers here have leverage, and many are taking their time. That said, activity is still happening, especially in the $100,000 to $699,999 range, which saw an 11% boost in sales. Certain neighborhoods like Hawaii Kai, Waipahu, and Ewa Plain even saw pending sales jump dramatically, showing that well-priced listings in desirable areas still move quickly.
A Balanced Market in a Shifting Landscape
From a broader perspective, this month’s data reflects national trends as well—where many markets are seeing stable or slightly rising home prices, more listings, and longer selling timelines. But what’s unique to Hawai‘i is how resilient buyer demand remains, especially for single-family homes. Even with more inventory hitting the market, the appetite to buy hasn’t waned. That’s a good sign for both sides of the table: buyers are getting more choice, and sellers are still closing deals at strong values.
Looking Ahead
As we head into the second half of the year, all eyes will be on how mortgage rates and economic confidence continue to shape the housing market. For now, though, June shows us that Oʻahu’s real estate market is alive and well—just moving at a more thoughtful, balanced pace.
Want to talk about what this means for your real estate plans? Feel free to reach out. Whether you’re buying, selling, or just keeping an eye on the market, I’m here to help you make sense of it all.
Happy House Hunting,
Nick
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