Here's the thing about the Oahu market right now: there isn't one market. There are two, and in June 2026 they're moving in opposite directions. If you only read the headline number, you'll make the wrong move. So let's split it.
Single-family homes: still a seller's market
The median single-family home on Oahu is sitting around $1.17M (basically flat year-over-year), and inventory is roughly 2.9 months. Anything under six months of supply is a seller's market — so houses are still tight. Well-priced homes in good areas are moving in about three weeks, and earlier this spring closed sales were actually up double digits over last year.
Translation if you own a house: you still have leverage. Price it sharp and it'll go. Price it on hope and it'll sit — even in a seller's market, buyers at these rates won't chase an overpriced listing.
Condos: buyers finally got some leverage back
Condos are the other story. The median condo is around $520K (up a few percent), but inventory has climbed past six months — that's a buyer's market. More choices, more time, more room to negotiate. Condo buyers can actually breathe again and write offers with contingencies instead of waiving everything and praying.
Houses are a seller's market. Condos are a buyer's market. Same island, same week.
Rates: stuck in the low 6s
The 30-year fixed is hovering around 6.3–6.6%. It's not the 3% of 2021, and it's not going back there. The buyers winning right now stopped waiting for a magic number — they buy the right home with a plan to refinance if rates drop. Marry the house, date the rate.
So what do you actually do?
- Selling a house? You're in a good spot — price it right and it moves.
- Selling a condo? You're competing. Price it sharp, make it show well, and consider a buyer incentive. One of my condo sellers is offering a closing-cost credit — it gets attention.
- Buying a condo? This is your window. Take your time, make offers, negotiate.
- Buying a house? Still competitive — get fully pre-approved and be ready to move.
One more thing: these are island-wide medians. Your building, your street, your floor — those can tell a totally different story. Want the real number for your exact spot? Text me and I'll pull it.
Figures: Honolulu Board of Realtors / Locations Hawaii (May 2026 report) and Freddie Mac (mid-June 2026). Markets move monthly — treat these as a snapshot, not gospel.
Realtor (RS-87380) & investor at Ohana Investment Realty. I sell, flip, and live this market on Oahu — text me at (808) 220-2060.