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Chad Takesue, chief operating officer for Locations, sat down with Hawaii News Now Sunrise host Guy Hagi in June 2025 to offer a market update, provide advice for homebuyers and sellers, and discuss where the market might be headed next.
The Oahu real estate market remains steady, amidst continued but muted demand. Market activity has been somewhat dampened by higher mortgage interest rates and home prices, coupled with economic uncertainty. The single-family home market is stronger than the condo market, which has been softening since early 2024.
The Oahu real estate market was softer in April 2025, compared to last month and a year ago. Single-family homes and condos were on the market longer and buyer competition was lower—contrary to typical seasonal trends. Although erratic and unstable economic conditions are causing hesitation in the market, there is still demand for homes and condos.
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