The Oahu real estate market showed more signs of diverging home and condo markets in February 2025. The single-family home market remains steady and strong, with rising prices and several indicators of competitive demand. The condo resale market, on the other hand, continues to show more signs of softening. While available inventory for single-family homes is low and flat, the supply of condos for sale is at a 15-year high and rising.

Wondering how the Oahu real estate market is performed in 2024, and where it's headed this year? Fresh from the Locations Research Department, our 2025 Market Insights report will bring you up to speed on what happened in the Oahu housing market last year and what to expect as we move through 2025.

The Oahu real estate market is off to a mixed start this year, with moderate increases in home and condo sales in January, along with modest rises in median prices. However, other market indicators, like growing months of supply and declining competitive bid-ups, point to softer conditions. Despite these factors, Locations anticipates steady growth in home sales and prices in 2025, particularly if mortgage rates drop to the mid-sixes in the coming months as expected.