Oahu Market Report

SALES OF O‘AHU HOMES COOL AMID RISING MORTGAGE RATES Median sales prices remain relatively flat, active inventory builds gradually.

Year-over-year, single-family home and condo sales dropped 34.4% and 19.3%, respectively, and compared to August 2022, single-family home sales were down 11.5%, while condo sales dipped 2.4%.  Pending sales activity was also muted compared to last year, with contract signings falling 43.7% for single-family homes and 30.7% for condos.

Median sales prices remained relatively flat over the last several months and saw a slight bump up compared to the same time last year. In September, the single-family home median was $1,100,000, up 4.8%, while the condo median sales price was $502,500, a 5.1% increase from a year ago.

September 2022 Market Report - All Oahu SFH
September 2022 Market Report - All Oahu Condo