Oahu Market Update

O'ahu Home Sales Slow in April While Days on Market Improves from Last Month

Single-family home and condo sales volume, median prices, new listings dip compared to 2022

According to resales figures released today by the Honolulu Board of REALTORS®, April single-family home and condo sales slipped 43.0% and 37.5%, respectively, year-over-year. Compared to March, the slump in sales was less severe, with an 11.9% drop in single-family home sales and 5.4% for condos. Despite fewer sales, properties that sold in April spent less time on market than one month ago. The median days on market for condos was 20 days in April compared to 24 days in March and 24 days for single-family homes compared to a 36-day median in March.

Source: Honolulu Board of Realtors