Oahu's Housing Market Sees Slow Start in January 2026

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Oahu's housing market had a sluggish beginning to 2026, with small decreases or roughly no change for transaction volume and median sale prices in January. Single-family home sales edged down 1% to 194, while the median sale price eked out a 0.2% gain to $1,122,500. Condominium sales dipped 4.8% to 297, and the median sale price slipped 1.9% to $529,000. Homes also spent more time on the market compared to a year earlier, with single-family houses spending a median 27 days listed before receiving a purchase offer, up from 25 days, and condos spending a median 47 days on the market, up from 39 days.

Why it matters

Oahu's housing market is a key economic indicator for the state, and the slow start to 2026 reflects broader economic uncertainty and a typical seasonal lull in the first month of the year. However, lower mortgage rates compared to the previous year may help stimulate increased market activity as the spring homebuying season approaches.

The details

The Honolulu Board of Realtors reported that the number of previously owned single-family home sales edged down 1% to 194 in January from 196 in the same month last year, while the median sale price eked out a 0.2% gain to $1,122,500 from $1,120,000. For condominiums, the number of sales dipped 4.8% to 297 in January from 312 a year earlier, and the median sale price slipped 1.9% to $529,000 from $539,500. Homes that sold in January also spent more time on the market than they did a year earlier, with single-family houses spending a median 27 days listed before receiving a purchase offer, up from 25 days, and condos spending a median 47 days on the market, up from 39 days.

• In January 2026, the number of previously owned single-family home sales edged down 1% to 194 from 196 in the same month last year.
• In January 2026, the median sale price for single-family homes eked out a 0.2% gain to $1,122,500 from $1,120,000 a year earlier.
• In January 2026, the number of condominium sales dipped 4.8% to 297 from 312 a year earlier.
• In January 2026, the median sale price for condominiums slipped 1.9% to $529,000 from $539,500 a year earlier.
• In January 2026, single-family houses spent a median 27 days listed before receiving a purchase offer, up from 25 days a year earlier.

What they’re saying

What’s next

According to the report, UHERO expects median home sale prices on Oahu to be close to flat in 2026, with a 0.3% gain for single-family homes and a 0.2% gain for condos. UHERO also forecasts that gains in 2027 and 2028 will be in the range of 2% to 3%.