Oahu Real Estate Market Update – January 2026: Strong Demand Signals Opportunity🏝️

The 2026 real estate market on Oahu is off to an exciting and dynamic start. While overall sales showed slight adjustments compared to last year, strong buyer activity, rising pending sales, and steady home values are creating powerful opportunities for both buyers and sellers.

Home Prices Remain Strong and Stable

The median price for single-family homes rose slightly to $1,122,500, showing continued strength and long-term stability. Even more impressive, the average single-family home price increased 3.9% year-over-year to $1,396,618, reflecting ongoing demand for quality homes.

Condominiums remain an attractive entry point into the market, with a median price of $529,000 and an average price increasing 5.7% year-over-year to $692,222. For buyers, condos continue to offer excellent value and long-term investment potential.

Buyer Activity Is Heating Up

One of the most exciting signals is the surge in pending sales:

• Single-family home pending sales jumped 14.4%

• Condo pending sales increased 5.0%

This rise in contracts shows that motivated buyers are actively entering the market and preparing for upcoming closings.

Additionally, 31% of single-family homes sold above asking price, highlighting strong competition for desirable properties.

Inventory Trends Create Opportunity

Inventory levels tell an important story:

• Single-family home inventory declined 8.2%, creating more competition and opportunity for sellers.

• Condo inventory increased 5.8%, giving buyers more choices and negotiating power.

This balance means both buyers and sellers can succeed—with the right strategy.

Homes Are Still Selling at Strong Prices

Single-family homes sold at 98.2% of the original list price, showing sellers are achieving excellent results. Condos sold at 96% of the original list price, reflecting a healthy and active market.

What This Means for Buyers and Sellers

If you’re a seller, limited single-family home inventory and strong buyer demand create ideal conditions to maximize your home’s value.

If you’re a buyer, increased condo inventory and steady pricing present excellent opportunities to enter the market and build equity in one of the most desirable locations in the world.

Ready to Make Your Move?

Whether you're thinking about buying your first home, upgrading, downsizing, or selling, now is an excellent time to explore your options.

📩 Email me today Desi.Stancheva@exprealty.com to start your home buying or selling journey. I’ll help you understand your options, navigate the market, and create a plan designed for your success.

Let’s make 2026 the year you make your move!

Source: HBR, MLS data