Oʻahu Real Estate: Buyer-Friendly Conditions, Slower Sales

April brought more good news for homebuyers on Oʻahu. While overall sales remain lower than last year, inventory is up, competition is down, and homes are staying on the market longer — all signs of a market that favors buyers.

According to the Honolulu Board of Realtors, 241 single-family homes and 395 condos sold in April, both down about 8% year-over-year but slightly up from March. Condo listings surged nearly 30%, with the majority priced under $600,000. Single-family homes in the $600K–$999K range also saw a 27% increase in availability.

With fewer bidding wars and more negotiating room — only 27% of single-family homes and 9% of condos sold above asking — buyers now have more time and leverage. Median prices were mixed: single-family homes rose to $1.17M, while condos dipped to $505,000.

Bottom line: if you're a buyer, now is the time to act. The market is offering more choices, slower pacing, and increased negotiating power. These conditions won’t last forever, especially as summer activity picks up.