O'ahu's housing market saw an active start to the year, with both single-family home and condo sales increasing year-over-year. In January, inventory expanded, providing buyers with more options across price points. New listings increased, with 336 single-family home listings, up 17.9%, and 739 condo listings, up 27.2% year-over-year. Active inventory also grew, rising 20.9% for single-family homes and 54.9% for condos.

Our January Monthly Statistics Report shows:

• Sales activity increased, with single-family home sales up 6.5% to 196 transactions and condo sales rising 6.8% to 312 transactions.
• Median sales prices for single-family homes rose 9.7% to $1,120,000, while condo prices increased 7.4% to $539,500.
• Single-family homes recorded a median of 25 days on market, down from 29 days last year, while condos had a median of 39 days, up from 29.
• The $1,100,000 to $1,299,999 price range for single-family homes saw sales more than double, rising from 18 to 39 transactions, with 62% closing below the original list price.
• Condo sales in the $1,000,000 and above range accounted for 11.5% of all condo transactions, nearly doubling from 16 to 36 sales year-over-year.