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Oahu Real Estate Update - December 2025

Page 1

MONTHLY STATS REPORT December 2025

O‘ahu’s housing market closed 2025 with signs of stability, shaped by steady mortgage rate movement, shifting affordability dynamics, and changing conditions in the condo market. While overall sales activity remained relatively flat compared to the prior year, buyers benefited from increased inventory and more choice, while sellers faced a more competitive environment. Our latest report summarizes key data from December 2025 and highlights trends that defined the full year. Here are the highlights from our report: Compared to 2025: • Combined single-family home and condo sales grew 0.6% year-over-year. Single-family home sales rose 3.5%, while condo sales declined 1.1%. In total, 2,890 single-family homes and 4,408 condos were sold in 2025. • The median sales price for single-family homes increased 3.5% to $1,139,000, while the annual condo median price softened 1.5% to $507,250. • Homes spent more time on the market, with median days on market increasing to 23 days for single-family homes and 44 days for condos. In December 2025: • Single-family home sales increased 18.4% year-over-year to 270 transactions, while condo sales rose 11.5% to 360. • The median sales price for single-family homes increased 4.3% to $1,100,000, while the condo median price declined 5.2% to $512,000 following December 2024’s record high. • Median days on market increased for condos from 36 to 44 days, while single-family homes saw a smaller change, rising from 20 to 22 days year-over-year. • New listings declined in both markets, with single-family home listings down 7.9% and condo listings down 1.3% compared to last December. • Active inventory for single-family homes declined 5.9% from year-end 2024 levels, while condo inventory remained higher than a year ago, up 12.3%.


Oahu Monthly Housing Statistics December 2025 SINGLE-FAMILY HOMES Median Sales Price

YoY %chg

$1,100,000

+4.3%

Closed Sales

YoY %chg

270

+18.4%

Average Sales Price

YoY %chg

$1,355,856

+9.6%

CONTENTS: Monthly Indicators

2

Price Graphs

3-6

Closed Sales

7

Median Sales Price

8

Average Sales Price

9

Median Days on Market

10

Percent of Original List Price Received

11

New Listings

12

Pending Sales

13

Active Inventory

14

Total Inventory In Escrow

15

Months Supply of Active Inventory

16

CONDOS

Median Sales Price $512,000 Closed Sales

YoY %chg

-5.2% YoY %chg

Housing Supply Overview

17

Closed Sales (by price range)

18-19

Median Days on Market (by price range)

20-21

Percent of Original List Price Received (by price range)

22-23

New Listings (by price range)

24-25

Pending Sales (by price range)

26-27

Active Inventory (by price range)

28-29

Active Inventory History

30

360

+11.5%

Total Inventory In Escrow (by price range)

31-32

Average Sales Price

YoY %chg

Months Supply of Active Inventory (by price range)

33-34

$715,954

+11.9%

Historical Graphs

35-36

YoY % chg = year-over-year percent change comparing current month to the same month last year.

SOURCE: Honolulu Board of REALTORS®, residential resales data compiled from HiCentral MLS, Ltd.® ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 1 of 36


Monthly Indicators OAHU, HAWAII

Single-Family Homes

December 2025

Condos

Dec-25

Dec-24

YoY %chg

Nov-25

MoM %chg

Dec-25

Dec-24

YoY %chg

Nov-25

MoM %chg

270

228

18.4%

241

12.0%

360

323

11.5%

316

13.9%

Median Sales Price

$1,100,000

$1,054,500

4.3%

$1,100,000

0.0%

$512,000

$540,000

-5.2%

$487,450

5.0%

Average Sales Price

$1,355,856

$1,236,689

9.6%

$1,479,291

-8.3%

$715,954

$639,866

11.9%

$609,012

17.6%

22

20

10.0%

27

-18.5%

44

36

22.2%

40

10.0%

Percent of Orig. List Price Received

97.9%

99.2%

-1.3%

98.1%

-0.2%

96.4%

97.2%

-0.8%

96.4%

0.0%

New Listings

186

202

-7.9%

273

-31.9%

445

451

-1.3%

525

-15.2%

Pending Sales*

200

194

3.1%

263

-24.0%

282

310

-9.0%

340

-17.1%

Active Inventory*

635

675

-5.9%

724

-12.3%

2,165

1,928

12.3%

2,284

-5.2%

Total Inventory in Escrow*

352

338

4.1%

442

-20.4%

456

462

-1.3%

529

-13.8%

Months Supply of Active Inventory*

2.6

2.9

-10.3%

3.1

-16.1%

5.9

5.2

13.5%

6.3

-6.3%

Closed Sales

Median Days on Market

*see footnotes on pages 9-12 regarding methodology updates

YoY % chg = year-over-year percent change comparing current month to the same month last year. MoM% chg = month-over-month percent change comparing current month to the previous month.

Single-Family Homes

Year-to-Date

Condos

YTD-2025

YTD-2024

1-yr %chg

YTD-2023

2-yr %chg

YTD-2025

YTD-2024

1-yr %chg

YTD-2023

2-yr %chg

2,890

2,793

3.5%

2,560

12.9%

4,408

4,459

-1.1%

4,573

-3.6%

Median Sales Price

$1,139,000

$1,100,000

3.5%

$1,050,000

8.5%

$507,250

$515,000

-1.5%

$508,500

-0.2%

Average Sales Price

$1,401,379

$1,347,176

4.0%

$1,326,664

5.6%

$642,152

$616,895

4.1%

$623,257

3.0%

23

19

21.1%

22

4.5%

44

30

46.7%

21

109.5%

Percent of Orig. List Price Received

98.3%

99.0%

-0.7%

98.3%

0.0%

96.6%

98.0%

-1.4%

98.6%

-2.0%

New Listings

3,935

3,756

4.8%

3,324

18.4%

7,918

7,279

8.8%

6,123

29.3%

3,087

2,990

3.2%

2,796

10.4%

4,491

4,601

-2.4%

4,721

-4.9%

Closed Sales

Median Days on Market

Pending Sales* *see footnotes on pages 9-12 regarding methodology updates

1-yr % chg = percent change comparing the current YTD time period to the same YTD time period one year ago. 2-yr % chg = percent change comparing the current YTD time period to the same YTD time period two years ago.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 2 of 36


Single-Family Homes Sold December 2025 vs. December 2024 2025

2024

45

40

35

Closed Sales

30

25

20

15

10

14 5

16 15

5 4

3 6

8 4

6 12

9 6

14 7

19 12

22 13

23 19

21 22

37 28

34 39

14 18

10 9

8 6

7 3

5

0

Sold Price ($) SOURCE: Honolulu Board of REALTORS®, compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 3 of 36


Condos Sold December 2025 vs. December 2024 2025

2024

70

60

Closed Sales

50

40

30

20

10

15

25

28

14

13

24

12

23

26

34

35

54

56

51

60

40

61

27

41

12

6

9

7

10

0

Sold Price ($) SOURCE: Honolulu Board of REALTORS®, compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 4 of 36


Sales counts reflect combined monthly "snapshots" of the reported MLS data from Jan 1 through Dec 31.

Single-Family Homes Sold Year-End 2025 vs. 2024 2025

2024

400

350

Closed Sales

300

250

200

150

100

141 113

203 192

44 40

54 50

70 75

83 96

143 116

124 116

202 172

241 207

251 242

258 244

330 332

364 364

165 229

102 103

55 54

60 48

50

0

Sold Price ($) SOURCE: Honolulu Board of REALTORS®, compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 5 of 36


Sales counts reflect combined monthly "snapshots" of the reported MLS data from Jan 1 through Dec 31.

Condos Sold Year-End 2025 vs. 2024 2025

2024

900

800

700

Closed Sales

600

500

400

300

200

78

113

360

363

140

118

236

209

389

365

492

455

653

645

770

696

721

735

373

423

161

211

86

75

100

0

Sold Price ($) SOURCE: Honolulu Board of REALTORS®, compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 6 of 36


Closed Sales December 2025 OAHU, HAWAII (A count of properties that have closed in a given month)

Single-Family Homes

Closed Sales Condos

Total

Dec-22

202

360

562

Jan-23

150

275

425

Feb-23

173

325

498

Mar-23

236

444

680

Apr-23

208

420

628

May-23

262

438

700

Jun-23

248

470

718

Jul-23

224

422

646

Aug-23

252

422

674

Sep-23

232

376

608

Oct-23

213

399

612

Nov-23

180

310

490

Dec-23

182

272

454

Jan-24

184

292

476

Feb-24

179

334

513

Mar-24

230

344

574

Apr-24

262

431

693

May-24

249

478

727

Jun-24

258

355

613

Jul-24

269

389

658

600

500

400

Sales

Mo-Yr

300

200

100

0

Single-Family Homes

Condos

Aug-24

253

401

654

Sep-24 Oct-24

217 261

366 405

583 666

Monthly Closed Sales

Nov-24

203

341

544

December

SFH

YoY %chg

CND

YoY %chg

December

Dec-24

228

323

551

2023

182

-9.9%

272

-24.4%

2023

2,560

-26.3%

4,573

Jan-25

196

312

508

2024

228

25.3%

323

18.8%

2024

2,793

9.1%

4,459

-2.5%

Feb-25

167

293

460

2025

270

18.4%

360

11.5%

2025

2,890

3.5%

4,408

-1.1%

Mar-25

206

369

575

Apr-25

241

395

636

May-25

235

374

609

300

Jun-25

289

358

647

250

Aug-25

259

391

650

Sep-25

276

408

684

Oct-25

261

443

704

Nov-25

241

316

557

Dec-25

270

360

630

CND (YTD) 5,000

3,000

200 150 100 50 0

300 200 100

2024

2025

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

2,500 2,000 1,500 1,000 500 0

0 2023

Closed Sales

638

-28.0%

3,500

Closed Sales

389

YTD SFH YoY %chg YTD CND YoY %chg

SFH (YTD)

CND (Dec) 400

Closed Sales

249

SFH (Dec)

Closed Sales

Jul-25

Year-to-Date Closed Sales

2023

2024

2025

4,000 3,000 2,000 1,000 0

2023

2024

2025

2023

2024

2025

Page 7 of 36


Median Sales Price December 2025 OAHU, HAWAII (The median sales price of all closed properties in a given month)

Median Sales Price

Mo/Yr

Single-Family Homes

Dec-22

$1,049,500

$502,500

Jan-23

$970,000

$495,000

Feb-23

$987,000

$480,000

Mar-23

$1,083,750

$536,000

Apr-23

$999,995

$500,000

May-23

$1,109,000

$505,000

Jun-23

$1,050,000

$510,000

Jul-23

$1,090,000

$500,000

Aug-23

$1,110,000

$515,000

Sep-23

$1,050,000

$532,500

Condos

Oct-23

$1,100,000

$515,000

Nov-23

$1,100,055

$516,179

$1,400,000

$1,200,000

Price ($)

$1,000,000

$800,000

$600,000

$400,000

Dec-23

$996,500

$510,000

Jan-24

$1,021,016

$502,500

Feb-24

$1,075,000

$512,500

Mar-24

$1,100,000

$500,000

Apr-24

$1,100,000

$528,000

May-24

$1,085,000

$495,000

Jun-24

$1,120,000

$530,000

Jul-24

$1,140,000

$509,000

Aug-24

$1,122,000

$500,000

Sep-24 Oct-24

$1,112,722 $1,100,000

$517,500 $525,000

Monthly Median Sales Price

Nov-24

$1,115,000

$530,000

December

SFH

YoY %chg

CND

YoY %chg

December

YTD SFH

YoY %chg

YTD CND

YoY %chg

Dec-24

$1,054,500

$540,000

2023

$996,500

-5.1%

$510,000

1.5%

2023

$1,050,000

-5.0%

$508,500

-0.3%

Jan-25

$1,120,000

$539,500

2024

$1,054,500

5.8%

$540,000

5.9%

2024

$1,100,000

4.8%

$515,000

1.3%

Feb-25

$1,185,000

$494,000

2025

$1,100,000

4.3%

$512,000

-5.2%

2025

$1,139,000

3.5%

$507,250

-1.5%

Mar-25

$1,160,000

$500,000

Apr-25

$1,170,000

$505,000

$200,000

$0

Single-Family Homes

Condos

Year-to-Date Median Sales Price

SFH (Dec)

SFH (YTD)

CND (Dec) 1.2M

600K

1.0M

500K

1.0M

500K

800K

400K

800K

400K

$510,000

Jul-25

$1,075,000

$490,000

Aug-25

$1,105,500

$515,000

Sep-25

$1,155,000

$508,750

200K

100K

200K

Oct-25

$1,162,500

$535,000

0K

0K

0K

Nov-25

$1,100,000

$487,450

Dec-25

$1,100,000

$512,000

600K 400K

2023

2024

300K 200K

2025

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Price ($)

$500,000

$1,125,000

Price ($)

$1,175,000

Jun-25

2023

2024

2025

Price ($)

600K

May-25

Price ($)

CND (YTD)

1.2M

600K 400K

300K 200K 100K 0K

2023

2024

2025

2023

2024

2025

Page 8 of 36


Average Sales Price December 2025 OAHU, HAWAII (The average sales price of all closed properties in a given month)

Single-Family Homes

Average Sales Price Condos

Dec-22

$1,325,156

$576,689

Jan-23

$1,139,294

$633,441

Feb-23

$1,427,864

$592,131

Mar-23

$1,391,538

$651,630

Apr-23

$1,223,383

$603,795

May-23

$1,355,804

$623,748

Jun-23

$1,300,456

$589,597

Jul-23

$1,270,421

$617,683

Aug-23

$1,427,996

$628,127

Sep-23

$1,357,981

$608,222

Oct-23

$1,304,757

$670,805

Nov-23

$1,434,999

$676,625

$2,000,000 $1,800,000 $1,600,000 $1,400,000 $1,200,000

Price ($)

Mo/Yr

$1,000,000 $800,000 $600,000

Dec-23

$1,207,793

$602,535

Jan-24

$1,323,172

$593,630

Feb-24

$1,437,693

$580,274

Mar-24

$1,380,838

$579,500

Apr-24

$1,408,991

$617,664

May-24

$1,419,039

$592,964

Jun-24

$1,282,503

$690,803

Jul-24

$1,360,415

$616,302

Aug-24

$1,387,740

$590,171

Sep-24 Oct-24

$1,307,833 $1,304,557

$625,154 $647,091

Monthly Average Sales Price

Nov-24

$1,351,976

$635,715

December

SFH

YoY %chg

CND

YoY %chg

December

YTD SFH

YoY %chg

YTD CND

Dec-24

$1,236,689

$639,866

2023

$1,207,793

-8.9%

$602,535

4.5%

2023

$1,326,664

-3.9%

$623,257

2.1%

Jan-25

$1,344,122

$654,915

2024

$1,236,689

2.4%

$639,866

6.2%

2024

$1,347,176

1.5%

$616,895

-1.0%

2025

$1,355,856

9.6%

$715,954

11.9%

2025

$1,401,379

4.0%

$642,152

4.1%

Apr-25

$1,399,728

$608,762

May-25

$1,394,811

$638,701

Jun-25

$1,366,459

$657,973

Jul-25

$1,257,138

$669,476

Aug-25

$1,364,588

$699,361

Sep-25

$1,354,522

$599,603

Oct-25

$1,369,130

$640,304

Nov-25

$1,479,291

$609,012

Dec-25

$1,355,856

$715,954

Condos

Year-to-Date Average Sales Price

SFH (Dec)

YoY %chg

CND (YTD)

SFH (YTD)

CND (Dec)

1.5M

700K

1.5M

800K

600K 600K

1.0M

500K

400K 200K

1.0M

Price ($)

$614,751

Single-Family Homes

Price ($)

$610,108

$1,819,326

$0

Price ($)

$1,400,996

$200,000

Price ($)

Feb-25 Mar-25

$400,000

500K

500K 400K 300K 200K 100K

0K

0K

0K 2023

2024

2025

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

2023

2024

2025

0K 2023

2024

2025

2023

2024

2025

Page 9 of 36


Median Days on Market December 2025 OAHU, HAWAII (Days on Market represents the number of days from when a property is first listed to when an offer is accepted; the Median Days on Market represents the median of all sales in a given month)

Median Days on Market

Single-Family Homes

Condos

Dec-22

25

21

Jan-23

24

24

Feb-23

47

28

Mar-23

36

24

Apr-23

24

20

May-23

21

20

Jun-23

17

18

Jul-23

16

16

Aug-23

18

18

Sep-23

20

21

Oct-23

18

21

Nov-23

29

23

Dec-23

18

26

Jan-24

29

29

Feb-24

30

39

Mar-24

31

29

Apr-24

17

29

May-24

14

25

Jun-24

15

26

Jul-24

15

30

Aug-24

14

28

Sep-24

19

31

60

50

40

Days on Market

Mo/Yr

30

20

10

0

Single-Family Homes

Condos

Oct-24

16

26

Monthly Median Days on Market

Nov-24

24

32

December

SFH

YoY %chg

CND

YoY %chg

Dec-24

20

36

2023

18

-28.0%

26

23.8%

2023

22

83.3%

21

75.0%

Jan-25

25

39

2024

20

11.1%

36

38.5%

2024

19

-13.6%

30

42.9%

2025

22

10.0%

44

22.2%

2025

23

21.1%

44

46.7%

Apr-25

29

43

May-25

21

39

Jun-25

24

40

Jul-25

20

50

Aug-25

22

48

Sep-25

26

40

Oct-25

26

44

Nov-25

27

40

Dec-25

22

44

SFH (Dec)

15 10 5 0

40 30 20 10

2024

2025

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

20 15 10 5 0

0 2023

50

25

50

20

CND (YTD)

SFH (YTD)

CND (Dec)

25

Days on Market

40

December YTD SFH YoY %chg YTD CND YoY %chg

Days on Market

48

15

Days on Market

23

Days on Market

Feb-25 Mar-25

Year-to-Date Median Days on Market

2023

2024

2025

40 30 20 10 0

2023

2024

2025

2023

2024

2025

Page 10 of 36


Percent of Original List Price Received December 2025 OAHU, HAWAII (The percentage found when dividing a property's sales price by the original list price; reported percentage is the median of all sales for the period indicated)

Percent of Original List Price Received

Single-Family Homes

Condos

Dec-22

96.7%

98.5%

Jan-23

95.9%

98.4%

Feb-23

96.0%

98.0%

Mar-23

96.7%

98.5%

Apr-23

98.3%

98.7%

May-23

98.7%

99.0%

Jun-23

99.5%

98.9%

Jul-23

100.0%

98.8%

Aug-23

99.1%

99.6%

Sep-23

99.0%

98.8%

Oct-23

98.0%

98.7%

Nov-23

97.1%

98.0%

Dec-23

98.3%

97.9%

Jan-24

98.3%

97.5%

Feb-24

97.8%

97.9%

Mar-24

98.3%

98.3%

Apr-24

99.0%

97.8%

May-24

100.0%

98.3%

Jun-24

99.6%

98.2%

Jul-24

99.0%

98.1%

Aug-24

99.5%

98.3%

Sep-24

99.0%

97.7%

101.0%

100.0%

99.0%

Percent Received

Mo/Yr

98.0%

97.0%

96.0%

95.0%

94.0%

93.0%

Single-Family Homes

Condos

Oct-24

99.3%

98.0%

Monthly Percent of Original List Price Received

Year-to-Date Percent of Original List Price Received

Nov-24

97.8%

98.0%

December

SFH

YoY %chg

CND

YoY %chg

December YTD SFH YoY %chg YTD CND YoY %chg

Dec-24

99.2%

97.2%

2023

98.3%

1.7%

97.9%

-0.6%

2023

98.3%

-1.7%

98.6%

-1.4%

Jan-25

97.9%

97.0%

2024

99.2%

0.9%

97.2%

-0.7%

2024

99.0%

0.7%

98.0%

-0.6%

2025

97.9%

-1.3%

96.4%

-0.8%

2025

98.3%

-0.7%

96.6%

-1.4%

Apr-25

97.8%

96.3%

May-25

99.0%

96.9%

Jun-25

98.2%

97.2%

Jul-25

99.4%

96.3%

Aug-25

98.8%

96.4%

Sep-25

97.9%

96.4%

Oct-25

98.0%

96.8%

Nov-25

98.1%

96.4%

Dec-25

97.9%

96.4%

SFH (Dec)

SFH (YTD)

CND (Dec)

100.0% 99.0% 98.0% 97.0% 96.0% 95.0%

100.0% 99.0% 98.0% 97.0% 96.0% 95.0%

2023

2024

2025

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

CND (YTD)

101.0%

101.0%

101.0%

Percent Received

97.1%

Percent Received

96.5%

99.0%

Percent Received

98.0%

Percent Received

Feb-25 Mar-25

100.0% 99.0% 98.0% 97.0% 96.0%

2024

2025

99.0% 98.0% 97.0% 96.0% 95.0%

95.0% 2023

100.0%

2023

2024

2025

2023

2024

2025

Page 11 of 36


New Listings December 2025 OAHU, HAWAII (A count of properties that have been newly listed on the market in a given month)

Single-Family Homes

New Listings Condos

Total

Dec-22

164

371

535

Jan-23

268

523

791

Feb-23

233

463

696

Mar-23

293

530

823

Apr-23

292

532

824

May-23

309

582

891

Jun-23

324

535

859

Jul-23

275

521

796

Aug-23

330

549

879

Sep-23

281

516

797

Oct-23

272

566

838

Nov-23

267

457

724

Dec-23

180

349

529

Jan-24

285

581

866

Feb-24

295

533

828

Mar-24

291

647

938

Apr-24

349

656

1,005

May-24

345

658

1,003

Jun-24

334

622

956

Jul-24

363

676

1,039

900 800 700 600

Listings

Mo-Yr

500 400 300 200 100 0

Single-Family Homes

Condos

Aug-24

346

629

975

Sep-24 Oct-24

351 298

631 597

982 895

Monthly New Listings

Nov-24

297

598

895

December

SFH

YoY %chg

CND

YoY %chg

December

Dec-24

202

451

653

2023

180

9.8%

349

-5.9%

2023

3,324

-20.2%

6,123

-18.0%

Jan-25

336

739

1,075

2024

202

12.2%

451

29.2%

2024

3,756

13.0%

7,279

18.9%

Feb-25

281

641

922

2025

186

-7.9%

445

-1.3%

2025

3,935

4.8%

7,918

8.8%

Mar-25

377

789

1,166

Year-to-Date New Listings

CND (Dec)

SFH (Dec)

YTD SFH YoY %chg YTD CND YoY %chg

SFH (YTD)

CND (YTD)

250

500

5,000

10,000

Jun-25

398

671

1,069

200

400

4,000

8,000

Jul-25

369

647

1,016

Aug-25

318

643

961

Sep-25

330

638

968

Oct-25

309

641

950

Nov-25

273

525

798

Dec-25

186

445

631

150 100 50

300 200 100 0

0 2023

2024

2025

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

New Listings

1,217 1,080

New Listings

851 688

New Listings

366 392

New Listings

Apr-25 May-25

3,000 2,000 1,000 0

2023

2024

2025

6,000 4,000 2,000 0

2023

2024

2025

2023

2024

2025

Page 12 of 36


Pending Sales* December 2025 OAHU, HAWAII (A measure of contract activity represented by a count of properties that have had offers accepted on them during a given month)

Pending Sales

Single-Family Homes

Condos

Total

Dec-22

168

289

457

Jan-23

267

378

645

Feb-23

217

399

616

Mar-23

258

444

702

Apr-23

271

438

709

May-23

258

507

765

Jun-23

231

415

646

Jul-23

247

421

668

Aug-23

267

425

692

Sep-23

232

371

603

Oct-23

192

325

517

Nov-23

174

308

482

Dec-23

182

290

472

Jan-24

220

376

596

Feb-24

269

390

659

Mar-24

280

439

719

Apr-24

269

443

712

May-24

260

422

682

Jun-24

253

385

638

Jul-24

255

380

635

Aug-24

235

410

645

Sep-24

271

399

670

600

500

400

Listings

Mo/Yr

300

200

100

0

Single-Family Homes

Condos

Oct-24

250

319

569

Monthly Pending Sales

Nov-24

234

328

562

December

SFH

YoY %chg

CND

YoY %chg

December

Dec-24

194

310

504

2023

182

8.3%

290

0.3%

2023

2,796

-18.7%

4,721

Jan-25

209

357

566

2024

194

6.6%

310

6.9%

2024

2,990

6.9%

4,601

-2.5%

Feb-25

233

381

614

2025

200

3.1%

282

-9.0%

2025

3,087

3.2%

4,491

-2.4%

Mar-25

265

420

685

Apr-25

264

375

639 681

381

659

200

Jul-25

280

430

710

302

406

708

Sep-25

239

409

648

Oct-25

260

323

583

Nov-25

263

340

603

Dec-25

200

282

482

150 100 50

3,500

300

3,000

250 200 150 100 50

0 2024

2025

CND (YTD) 5,000

2,500 2,000 1,500 1,000 500

0 2023

2023

2024

-22.1%

Pending Sales

387

278

350

Pending Sales

294

Jun-25

Pending Sales

May-25

YTD SFH YoY %chg YTD CND YoY %chg

SFH (YTD)

CND (Dec)

Pending Sales

SFH (Dec) 250

Aug-25

Year-to-Date Pending Sales

2025

4,000 3,000 2,000 1,000 0

0 2023

2024

2025

2023

2024

2025

*Methodology updated as of 2021 to reflect a count of properties that entered contract within the given month and remain in escrow status at the end of the month (also applied to historical data shown above). Pending Sales, in reports prior to 2021, reflect a count of all listings that held a Pending (P) status throughout the given month.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 13 of 36


Active Inventory* December 2025 OAHU, HAWAII (The number of properties in Active (A) status at the end of the given month)

Active Inventory Condos

Total

Dec-22

597

1,170

1,767

Jan-23

551

1,196

1,747

Feb-23

547

1,177

1,724

Mar-23

541

1,152

1,693

Apr-23

535

1,144

1,679

May-23

543

1,118

1,661

Jun-23

605

1,159

1,764

Jul-23

591

1,154

1,745

Aug-23

598

1,146

1,744

Sep-23

592

1,194

1,786

Oct-23

626

1,306

1,932

Nov-23

672

1,337

2,009

Dec-23

600

1,234

1,834

Jan-24

607

1,348

1,955

3,000

2,500

2,000

1,500

1,000

500

0

Feb-24

599

1,388

1,987

Mar-24

581

1,493

2,074

Apr-24

618

1,576

2,194

May-24 Jun-24

640 653

1,651 1,729

2,291 2,382

Active Inventory

Jul-24

722

1,867

2,589

December

SFH

YoY %chg

CND

YoY %chg

Aug-24

760

1,879

2,639

2023

600

0.5%

1,234

5.5%

Sep-24

755

1,887

2,642

2024

675

12.5%

1,928

56.2%

Oct-24

741

1,957

2,698

2025

635

-5.9%

2,165

12.3%

Nov-24

749

2,049

2,798

1,928

2,603

734

2,088

2,822

Feb-25

728

2,160

2,888

Mar-25

773

2,302

3,075

Apr-25

805

2,512

3,317

May-25

818

2,556

3,374

Jun-25

861

2,542

3,403

Jul-25

852

2,459

3,311

Aug-25

790

2,412

3,202

Sep-25

798

2,327

3,125

Oct-25

775

2,341

3,116

Nov-25

724

2,284

3,008

Dec-25

635

2,165

2,800

Active Listings

675

Jan-25

Condos

Total Active Inventory: Single-Family Homes + Condos

Total Active Inventory Single-Family Homes + Condos 4,000 3,500

SFH (Dec)

3,000

800 600

2,500

400 200 0 2023

2024

2025

CND (Dec) Active Listings

Dec-24

Single-Family Homes

Listings

Single-Family Homes

Listings

Mo/Yr

2,000 1,500 1,000

3,000 500

2,000

0 Dec-22

1,000

Dec-23

Dec-24

Dec-25

0 2023

2024

2025

Single-Family Homes

Condos

*Indicator modified as of 2021 to reflect Active status listings only and applied to historical monthly data shown above. Previous report indicator, referred to as Active Listings, reflected all actively marketed listings in A and C status.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 14 of 36


Total Inventory In Escrow* December 2025 OAHU, HAWAII (The number of properties under contract at the end of the given month / combined listings in C and P status)

Total Inventory In Escrow Condos

Total

Dec-22

278

430

708

Jan-23

376

523

899

Feb-23

386

592

978

Mar-23

393

602

995

Apr-23

435

623

1,058

May-23

418

686

1,104

Jun-23

370

612

982

Jul-23

383

586

969

Aug-23

391

590

981

Sep-23

383

569

952

Oct-23

333

475

808

Nov-23

312

473

785

Dec-23

305

468

773

Jan-24

334

532

866

800 700 600 500 400 300 200 100 0

Feb-24

416

586

1,002

Mar-24

448

647

1,095

Apr-24

445

647

1,092

May-24

440

593

1,033

Jun-24

433

607

1,040

Total Inventory In Escrow

Jul-24

409

580

989

December

SFH

Single-Family Homes

CND

YoY %chg

Aug-24

380

581

961

2023

305

9.7%

468

8.8%

Sep-24

421

598

1,019

2024

338

10.8%

462

-1.3%

2025

352

4.1%

456

-1.3%

490

874

488

893

Dec-24

338

462

800

Jan-25

335

500

835

Feb-25

385

573

958

Mar-25

439

619

1,058

Apr-25

447

582

1,029

May-25

483

588

1,071

Jun-25

450

593

1,043

Jul-25

470

627

1,097

Aug-25

496

631

1,127

Sep-25

434

630

1,064

Oct-25

428

517

945

Nov-25

442

529

971

Dec-25

352

456

808

Total Inventory In Escrow Single-Family Homes + Condos 1,200

SFH (Dec)

1,000

400

Listings

384 405

300

800

200 100 0 2023

2024

2025

600

400

CND (Dec) 200

600

Listings

Oct-24 Nov-24

Condos

Total Inventory In Escrow: Single-Family Homes + Condos

YoY %chg

Listings

Single-Family Homes

Listings

Mo/Yr

400 0 Dec-22

200 0 2023

2024

2025

Dec-23 Single-Family Homes

Dec-24

Dec-25

Condos

*New indicator added to reports as of 2021, including applicable historical data.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 15 of 36


Months Supply of Active Inventory* December 2025 OAHU, HAWAII (Compares active inventory to a rolling 12-month average closed sales)

Months Supply of Active Inventory Condos

Dec-22

2.1

2.2

Jan-23

2.0

2.4

Feb-23

2.0

2.4

Mar-23

2.1

2.4

Apr-23

2.1

2.5

May-23

2.2

2.6

Jun-23

2.6

2.8

Jul-23

2.6

2.8

Aug-23

2.7

2.8

Sep-23

2.7

3.0

Oct-23

2.9

3.3

Nov-23

3.1

3.4

Dec-23

2.8

3.2

Jan-24

2.8

3.5

8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0

Feb-24

2.8

3.6

Mar-24

2.7

4.0

Apr-24

2.8

4.2

May-24

2.9

4.4

Jun-24

3.0

4.7

Months Supply of Active Inventory

Jul-24

3.2

5.1

December

SFH

YoY %chg

CND

YoY %chg

Aug-24

3.4

5.1

2023

2.8

33.3%

3.2

45.5%

Sep-24

3.4

5.2

2024

2.9

3.6%

5.2

62.5%

Oct-24

3.3

5.4

2025

2.6

-10.3%

5.9

13.5%

Nov-24

3.3

5.6

Dec-24

2.9

5.2

Jan-25

3.1

5.6

Feb-25

3.1

5.8

Mar-25

3.3

6.2

Jun-25

3.7

7.0

Jul-25

3.7

6.8

Aug-25

3.4

6.7

Sep-25

3.4

6.4

Oct-25

3.3

6.4

Nov-25

3.1

6.3

Dec-25

2.6

5.9

3

Single-Family Homes 1,000 800 600

Active

400

Closed

200 0 Dec-22

Dec-23

2 2023

2024

CND (Dec) 6 4 2 0 2024

Dec-25

3,000

8

2023

Dec-24

Condos

2025

Sales/Listings

6.8 7.1

Months of Inventory

3.5 3.6

Condos

Active Inventory vs. Closed Sales

SFH (Dec)

Months of Inventory

Apr-25 May-25

Single-Family Homes

Sales/Listings

Single-Family Homes

Months of Inventory

Mo/Yr

2025

2,500 2,000 1,500

Active

1,000

Closed

500 0 Dec-22

Dec-23

Dec-24

Dec-25

*Methodology updated as of 2021 (also applied to historical data shown on this chart). Months of Inventory, in reports prior to 2021, reflect a comparison of active listings to average pending sales.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 16 of 36


Housing Supply Overview December 2025 OAHU, HAWAII (A year-over-year overview of the availability and sales of properties in a given month, by price range)

Closed Sales Dec-24 %chg

Median Days on Market

Percent of Original List Price Received

Dec-25

Dec-24

%chg

Dec-25

Dec-24

%chg

Dec-25

Dec-24

%chg

Dec-25

Dec-24

%chg

Dec-25

New Listings

Pending Sales

Total Inventory In Escrow

Active Inventory

Single-Family Homes

Dec-25

$449,999 and below

6

2

200.0%

55

10

450.0%

84.8%

100.8%

-15.9%

4

4

0.0%

3

2

50.0%

8

8

0.0%

6

9

$450,000 - $599,999

9

7

28.6%

11

7

57.1%

98.7%

100.0%

-1.3%

8

10

-20.0%

7

10

-30.0%

15

24

-37.5%

18

$600,000 - $699,999

10

9

11.1%

54

36

50.0%

95.3%

100.0%

-4.7%

5

14

-64.3%

7

11

-36.4%

24

37

-35.1%

$700,000 - $799,999

14

18

-22.2%

11

53

-79.2%

100.0%

97.3%

2.8%

6

14

-57.1%

12

12

0.0%

41

38

$800,000 - $899,999

34

39

-12.8%

30

16

87.5%

98.5%

100.0%

-1.5%

18

19

-5.3%

17

29

-41.4%

41

$900,000 - $999,999

37

28

32.1%

19

41

-53.7%

99.4%

98.5%

0.9%

18

24

-25.0%

25

23

8.7%

$1,000,000 - $1,499,999

99

73

35.6%

19

21

-9.5%

97.9%

99.1%

-1.2%

62

63

-1.6%

82

71

$1,500,000 - 1,999,999

31

32

-3.1%

24

13

84.6%

97.2%

99.6%

-2.4%

26

27

-3.7%

21

$2,000,000 - $2,999,999

16

15

6.7%

42

10

320.0%

97.3%

99.6%

-2.3%

21

8

162.5%

$3,000,000 and above

14

5

180.0%

45

10

350.0%

95.7%

100.0%

-4.3%

18

19

All Single-Family Homes

270

228

18.4%

22

20

10.0%

97.9%

99.2%

-1.3%

186

202

Closed Sales Condos

Median Days on Market

Percent of Original List Price Received

Dec-25

Dec-24

%chg

-33.3%

2.0

4.0

-50.0%

23

-21.7%

2.5

4.0

-37.5%

18

18

0.0%

2.7

4.1

-34.1%

7.9%

27

25

8.0%

2.9

2.0

45.0%

55

-25.5%

38

44

-13.6%

1.4

1.8

-22.2%

48

56

-14.3%

36

36

0.0%

1.7

2.0

-15.0%

15.5%

149

171

-12.9%

127

106

19.8%

1.7

2.1

-19.0%

19

10.5%

97

106

-8.5%

39

37

5.4%

2.9

3.4

-14.7%

15

12

25.0%

93

61

52.5%

24

23

4.3%

5.5

3.8

44.7%

-5.3%

11

5

120.0%

119

119

0.0%

19

17

11.8%

9.9

13.2

-25.0%

-7.9%

200

194

3.1%

635

675

-5.9%

352

338

4.1%

2.6

2.9

-10.3%

New Listings

Pending Sales

Dec-24 %chg

Dec-25

Dec-24 %chg

Months Supply of Active Inventory

Total Inventory In Escrow

Active Inventory

Months Supply of Active Inventory

Dec-25

Dec-24

%chg

Dec-25

Dec-24

%chg

Dec-25

Dec-24

%chg

Dec-25

Dec-24

%chg

Dec-25

Dec-24

%chg

Dec-25

Dec-24

%chg

Dec-25

Dec-24

%chg

Dec-25

Dec-24

%chg

$149,999 and below

9

12

-25.0%

38

20

90.0%

92.0%

94.5%

-2.7%

18

14

28.6%

10

6

66.7%

62

55

12.7%

14

16

-12.5%

4.4

4.6

-4.3%

$150,000 - $299,999

45

36

25.0%

48

37

29.7%

94.6%

95.7%

-1.2%

64

46

39.1%

40

41

-2.4%

270

237

13.9%

59

60

-1.7%

6.0

5.9

1.7%

$300,000 - $399,999

61

40

52.5%

32

39

-17.9%

96.3%

95.9%

0.4%

69

63

9.5%

42

47

-10.6%

384

274

40.1%

65

78

-16.7%

6.3

4.6

37.0%

$400,000 - $499,999

60

51

17.6%

35

46

-23.9%

95.9%

96.6%

-0.7%

64

71

-9.9%

45

57

-21.1%

310

283

9.5%

70

79

-11.4%

5.3

4.4

20.5%

$500,000 - $599,999

56

54

3.7%

49

36

36.1%

98.1%

98.2%

-0.1%

64

63

1.6%

51

37

37.8%

291

245

18.8%

74

55

34.5%

5.4

4.5

20.0%

$600,000 - $699,999

35

34

2.9%

45

26

73.1%

97.6%

99.1%

-1.5%

33

44

-25.0%

20

36

-44.4%

176

167

5.4%

44

53

-17.0%

4.6

4.1

12.2%

$700,000 - $999,999

51

61

-16.4%

53

39

35.9%

98.0%

98.2%

-0.2%

64

79

-19.0%

44

53

-17.0%

317

288

10.1%

76

79

-3.8%

5.5

4.5

22.2%

$1,000,000 - $1,499,999

18

19

-5.3%

29

43

-32.6%

97.7%

94.6%

3.3%

23

26

-11.5%

20

21

-4.8%

153

155

-1.3%

32

27

18.5%

7.3

7.0

4.3%

$1,500,000 - $1,999,999

10

6

66.7%

102

57

78.9%

94.5%

95.6%

-1.2%

19

13

46.2%

8

4

100.0%

82

89

-7.9%

12

5

140.0%

9.1

11.1

-18.0%

$2,000,000 and above

15

10

50.0%

92

24

283.3%

90.9%

96.2%

-5.5%

27

32

-15.6%

2

8

-75.0%

120

135

-11.1%

10

10

0.0%

13.3

19.3

-31.1%

All Condos

360

323

11.5%

44

36

20.8%

96.4%

97.2%

-0.8%

445

451

-1.3%

282

310

-9.0%

2,165

1,928

12.3%

456

462

-1.3%

5.9

5.2

13.5%

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 17 of 36


Closed Sales by Price Range: Single-Family Homes December 2025 OAHU, HAWAII (A count of properties that have closed in a given month)

Single-Family Homes

Dec-25

Dec-24

%chg

12-mth 12-mth Total This Total Last Period Period

Closed Sales by Price Range 1-mth Period: Single-Family Homes

%chg

Dec-25 $449,999 and below

6

2

200.0%

43

27

Dec-24

120

59.3%

$450,000 - $599,999

$600,000 - $699,999

9

10

7

9

28.6%

11.1%

72

102

75

103

-4.0%

-1.0%

Closed Sales

100 80 60 40 20 $700,000 - $799,999

14

18

-22.2%

165

229

-27.9%

$800,000 - $899,999

34

39

-12.8%

364

364

0.0%

$900,000 - $999,999

37

28

32.1%

330

332

-0.6%

0 $449,999 and below

$450,000 $599,999

$600,000 $699,999

$700,000 $799,999

$800,000 $899,999

$900,000 - $1,000,000 - $1,500,000 - $2,000,000 - $3,000,000 $999,999 $1,499,999 1,999,999 $2,999,999 and above

Sold Price

Closed Sales by Price Range 12-mth Period: Single-Family Homes 12-mth Total This Period $1,000,000 - $1,499,999

99

73

35.6%

1,076

981

12-mth Total Last Period

1,200

9.7%

$1,500,000 - 1,999,999

$2,000,000 - $2,999,999

31

16

32

15

-3.1%

6.7%

394

203

377

192

4.5%

5.7%

Closed Sales

1,000 800 600 400 200 $3,000,000 and above

14

5

180.0%

141

113

24.8%

All Single-Family Homes

270

228

18.4%

2,890

2,793

3.5%

0 $449,999 and below

$450,000 $599,999

$600,000 $699,999

$700,000 $799,999

$800,000 $899,999

$900,000 - $1,000,000 - $1,500,000 - $2,000,000 - $3,000,000 $999,999 $1,499,999 1,999,999 $2,999,999 and above

Sold Price This 12-month period reflects the consecutive12-month period up through the current month, while last period reflects the same 12-month period one year prior.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 18 of 36


Closed Sales by Price Range: Condos December 2025 OAHU, HAWAII (A count of properties that have closed in a given month)

Condos

Dec-25

Dec-24

%chg

12-mth 12-mth Total This Total Last Period Period

Closed Sales by Price Range 1-mth Period: Condos

%chg

Dec-25 $149,999 and below

9

12

-25.0%

168

145

Dec-24

70

15.9%

$150,000 - $299,999

$300,000 - $399,999

45

61

36

40

25.0%

52.5%

540

736

475

721

13.7%

2.1%

Closed Sales

60 50 40 30 20 10 0 $400,000 - $499,999

60

51

17.6%

696

770

-9.6%

$500,000 - $599,999

56

54

3.7%

645

653

-1.2%

$600,000 - $699,999

35

34

2.9%

455

492

-7.5%

$149,999 and below

$150,000 $299,999

$300,000 $399,999

$400,000 $499,999

$500,000 $599,999

$600,000 $699,999

$700,000 - $1,000,000 - $1,500,000 - $2,000,000 $999,999 $1,499,999 $1,999,999 and above

Sold Price

Closed Sales by Price Range 12-mth Period: Condos 12-mth Total This Period 51

61

-16.4%

692

765

-9.5%

$1,000,000 - $1,499,999

18

19

-5.3%

252

263

-4.2%

$1,500,000 - $1,999,999

10

6

66.7%

111

97

14.4%

$2,000,000 and above

15

10

50.0%

113

78

44.9%

All Condos

360

323

11.5%

4,408

4,459

-1.1%

900 800 700

Closed Sales

$700,000 - $999,999

12-mth Total Last Period

600 500 400 300 200 100 0 $149,999 and below

$150,000 $299,999

$300,000 $399,999

$400,000 $499,999

$500,000 $599,999

$600,000 $699,999

$700,000 - $1,000,000 - $1,500,000 - $2,000,000 $999,999 $1,499,999 $1,999,999 and above

Sold Price This 12-month period reflects the consecutive12-month period up through the current month, while last period reflects the same 12-month period one year prior.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 19 of 36


Median Days on Market by Price Range: Single-Family Homes December 2025 OAHU, HAWAII (The median number of days from when a property is first listed to when an offer is accepted)

Single-Family Homes

Dec-25

Dec-24

%chg

12-mth Median This Period

12-mth Median Last Period

Median Days on Market by Price Range 1-mth Period: Single-Family Homes

%chg

Dec-25 $449,999 and below

55

10

450.0%

50

34

Dec-24

60

47.1%

$450,000 - $599,999

11

7

57.1%

41

23

78.3%

$600,000 - $699,999

54

36

50.0%

50

34

47.1%

$700,000 - $799,999

11

53

-79.2%

38

30

26.7%

$800,000 - $899,999

30

16

87.5%

19

19

0.0%

Days on Market

50 40 30 20 10 0 $449,999 and below

$450,000 $599,999

$600,000 $699,999

$700,000 $799,999

$800,000 $899,999

$900,000 - $1,000,000 - $1,500,000 - $2,000,000 - $3,000,000 $999,999 $1,499,999 1,999,999 $2,999,999 and above

Sold Price

Median Days on Market by Price Range $900,000 - $999,999

19

41

-53.7%

21

16

12-mth Period: Single-Family Homes

31.3%

12-mth Median This Period $1,000,000 - $1,499,999

19

21

-9.5%

20

16

12-mth Median Last Period

60

25.0%

$1,500,000 - 1,999,999

$2,000,000 - $2,999,999

24

42

13

10

84.6%

320.0%

17

26

16

14

6.3%

85.7%

Days on Market

50 40 30 20 10 $3,000,000 and above

45

10

350.0%

43

24

79.2%

All Single-Family Homes

22

20

10.0%

23

19

21.1%

0 $449,999 and below

$450,000 $599,999

$600,000 $699,999

$700,000 $799,999

$800,000 $899,999

$900,000 - $1,000,000 - $1,500,000 - $2,000,000 - $3,000,000 $999,999 $1,499,999 1,999,999 $2,999,999 and above

Sold Price This 12-month period reflects the consecutive12-month period up through the current month, while last period reflects the same 12-month period one year prior.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 20 of 36


Median Days on Market by Price Range: Condos December 2025 OAHU, HAWAII (The median number of days from when a property is first listed to when an offer is accepted)

Condos

Dec-25

Dec-24

%chg

12-mth Median This Period

12-mth Median Last Period

Median Days on Market by Price Range 1-mth Period: Condos

%chg

Dec-25 $149,999 and below

38

20

90.0%

50

25

Dec-24

120

100.0%

$150,000 - $299,999

48

37

29.7%

53

40

32.5%

$300,000 - $399,999

32

39

-17.9%

46

35

31.4%

$400,000 - $499,999

35

46

-23.9%

40

29

37.9%

$500,000 - $599,999

49

36

36.1%

41

29

41.4%

Days on Market

100 80 60 40 20 0 $149,999 and below

$150,000 $299,999

$300,000 $399,999

$400,000 $499,999

$500,000 $599,999

$600,000 $699,999

$700,000 - $1,000,000 - $1,500,000 - $2,000,000 $999,999 $1,499,999 $1,999,999 and above

Sold Price

Median Days on Market by Price Range $600,000 - $699,999

45

26

73.1%

34

25

12-mth Period: Condos

36.0%

$700,000 - $999,999

53

39

35.9%

40

22

81.8%

$1,000,000 - $1,499,999

29

43

-32.6%

42

35

20.0%

$1,500,000 - $1,999,999

102

57

78.9%

86

38

126.3%

$2,000,000 and above

92

24

283.3%

75

63

19.0%

All Condos

44

36

20.8%

44

30

46.7%

Days on Market

12-mth Median This Period

12-mth Median Last Period

100 90 80 70 60 50 40 30 20 10 0 $149,999 and below

$150,000 $299,999

$300,000 $399,999

$400,000 $499,999

$500,000 $599,999

$600,000 $699,999

$700,000 - $1,000,000 - $1,500,000 - $2,000,000 $999,999 $1,499,999 $1,999,999 and above

Sold Price This 12-month period reflects the consecutive12-month period up through the current month, while last period reflects the same 12-month period one year prior.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 21 of 36


Median Percent of Original List Price Received by Price Range: Single-Family Homes December 2025 OAHU, HAWAII (The percentage found when dividing a property's sales price by the original list price; reported percentage is the median of all sales for the period and price range indicated)

Single-Family Homes

Dec-25

Dec-24

%chg

12-mth Median This Period

12-mth Median Last Period

Median Percent of Original List Price Received by Price Range 1-mth Period: Single-Family Homes

%chg

Dec-25

$450,000 - $599,999

84.8%

98.7%

100.8%

100.0%

-15.9%

-1.3%

85.1%

93.0%

93.2%

97.2%

-8.7%

-4.3%

$600,000 - $699,999

95.3%

100.0%

-4.7%

95.2%

97.8%

-2.7%

$700,000 - $799,999

100.0%

97.3%

2.8%

98.1%

98.2%

-0.1%

$800,000 - $899,999

98.5%

100.0%

-1.5%

99.4%

99.4%

0.0%

105.0%

Percent Orig. LP Received

$449,999 and below

Dec-24

100.0% 95.0% 90.0% 85.0% 80.0% $449,999 $450,000 - $600,000 - $700,000 - $800,000 - $900,000 - $1,000,000 - $1,500,000 - $2,000,000 - $3,000,000 and below $599,999 $699,999 $799,999 $899,999 $999,999 $1,499,999 1,999,999 $2,999,999 and above

Sold Price

Median Percent of Original List Price Received by Price Range $900,000 - $999,999

99.4%

98.5%

0.9%

99.0%

100.0%

12-mth Period: Single-Family Homes

-1.0%

12-mth Median This Period 97.9%

99.1%

-1.2%

98.7%

99.1%

-0.4%

$1,500,000 - 1,999,999

97.2%

99.6%

-2.4%

98.9%

98.8%

0.1%

$2,000,000 - $2,999,999

97.3%

99.6%

-2.3%

97.0%

98.8%

-1.8%

$3,000,000 and above

95.7%

100.0%

-4.3%

96.2%

96.3%

-0.1%

All Single-Family Homes

97.9%

99.2%

-1.3%

98.3%

99.0%

-0.7%

105.0%

Percent Orig. LP Received

$1,000,000 - $1,499,999

12-mth Median Last Period

100.0% 95.0% 90.0% 85.0% 80.0% $449,999 $450,000 - $600,000 - $700,000 - $800,000 - $900,000 - $1,000,000 - $1,500,000 - $2,000,000 - $3,000,000 and below $599,999 $699,999 $799,999 $899,999 $999,999 $1,499,999 1,999,999 $2,999,999 and above

Sold Price

This 12-month period reflects the consecutive12-month period up through the current month, while last period reflects the same 12-month period one year prior.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 22 of 36


Median Percent of Original List Price Received by Price Range: Condos December 2025 OAHU, HAWAII (The percentage found when dividing a property's sales price by the original list price; reported percentage is the median of all sales for the period and price range indicated)

Condos

Dec-25

Dec-24

%chg

12-mth Median This Period

12-mth Median Last Period

Median Percent of Original List Price Received by Price Range 1-mth Period: Condos

%chg

Dec-25 92.0%

94.5%

-2.7%

92.0%

95.7%

-3.9%

$150,000 - $299,999

94.6%

95.7%

-1.2%

94.2%

95.8%

-1.7%

$300,000 - $399,999

96.3%

95.9%

0.4%

95.7%

97.3%

-1.6%

100.0%

Percent Orig. LP Received

$149,999 and below

Dec-24

98.0% 96.0% 94.0% 92.0% 90.0% 88.0% 86.0%

$400,000 - $499,999

95.9%

96.6%

-0.7%

97.4%

98.4%

-1.0%

$500,000 - $599,999

98.1%

98.2%

-0.1%

98.0%

98.3%

-0.3%

$149,999 $150,000 - $300,000 - $400,000 - $500,000 - $600,000 - $700,000 - $1,000,000 - $1,500,000 - $2,000,000 and below $299,999 $399,999 $499,999 $599,999 $699,999 $999,999 $1,499,999 $1,999,999 and above

Sold Price

Median Percent of Original List Price Received by Price Range $600,000 - $699,999

97.6%

99.1%

-1.5%

97.4%

98.6%

12-mth Period: Condos

-1.2%

12-mth Median This Period

$1,000,000 - $1,499,999

$1,500,000 - $1,999,999

98.0%

97.7%

94.5%

98.2%

94.6%

95.6%

-0.2%

3.3%

-1.2%

97.8%

95.8%

94.4%

98.9%

96.0%

97.1%

-1.1%

-0.2%

-2.8%

$2,000,000 and above

90.9%

96.2%

-5.5%

94.3%

95.2%

-0.9%

All Condos

96.4%

97.2%

-0.8%

96.6%

98.0%

-1.4%

102.0%

Percent Orig. LP Received

$700,000 - $999,999

12-mth Median Last Period

100.0% 98.0% 96.0% 94.0% 92.0% 90.0% 88.0% 86.0% 84.0% $149,999 $150,000 - $300,000 - $400,000 - $500,000 - $600,000 - $700,000 - $1,000,000 - $1,500,000 - $2,000,000 and below $299,999 $399,999 $499,999 $599,999 $699,999 $999,999 $1,499,999 $1,999,999 and above

Sold Price This 12-month period reflects the consecutive12-month period up through the current month, while last period reflects the same 12-month period one year prior.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 23 of 36


New Listings by Price Range: Single-Family Homes December 2025 OAHU, HAWAII (A count of properties that have been newly listed on the market in a given month)

Single-Family Homes

Dec-25

Dec-24

%chg

12-mth Total This Period

12-mth Total Last Period

New Listings by Price Range 1-mth Period: Single-Family Homes

%chg

Dec-25 $449,999 and below

4

4

0.0%

34

30

Dec-24

70

13.3%

$450,000 - $599,999

$600,000 - $699,999

8

5

10

14

-20.0%

-64.3%

86

141

108

155

-20.4%

-9.0%

New Listings

60 50 40 30 20 10 $700,000 - $799,999

6

14

-57.1%

271

242

12.0%

$800,000 - $899,999

18

19

-5.3%

420

421

-0.2%

$900,000 - $999,999

18

24

-25.0%

416

450

-7.6%

0 $449,999 $450,000 - $600,000 - $700,000 - $800,000 - $900,000 - $1,000,000 - $1,500,000 - $2,000,000 - $3,000,000 and below $599,999 $699,999 $799,999 $899,999 $999,999 $1,499,999 1,999,999 $2,999,999 and above

Original List Price

New Listings by Price Range 12-mth Period: Single-Family Homes 12-mth Total This Period $1,000,000 - $1,499,999

62

63

-1.6%

1,296

1,243

12-mth Total Last Period

1,400

4.3%

$1,500,000 - 1,999,999

$2,000,000 - $2,999,999

26

21

27

8

-3.7%

162.5%

587

353

542

297

8.3%

18.9%

New Listings

1,200 1,000 800 600 400 200 $3,000,000 and above

18

19

-5.3%

331

268

23.5%

All Single-Family Homes

186

202

-7.9%

3,935

3,756

4.8%

0 $449,999 $450,000 - $600,000 - $700,000 - $800,000 - $900,000 - $1,000,000 - $1,500,000 - $2,000,000 - $3,000,000 and below $599,999 $699,999 $799,999 $899,999 $999,999 $1,499,999 1,999,999 $2,999,999 and above

Original List Price This 12-month period reflects the consecutive12-month period up through the current month, while last period reflects the same 12-month period one year prior.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 24 of 36


New Listings by Price Range: Condos December 2025 OAHU, HAWAII (A count of properties that have been newly listed on the market in a given month)

Condos

Dec-25

Dec-24

%chg

12-mth Total This Period

12-mth Total Last Period

New Listings by Price Range 1-mth Period: Condos

%chg

Dec-25 $149,999 and below

18

14

28.6%

203

186

Dec-24

90

9.1%

80

$150,000 - $299,999

$300,000 - $399,999

64

69

46

63

39.1%

9.5%

818

1,293

713

1,131

14.7%

14.3%

New Listings

70 60 50 40 30 20 10 $400,000 - $499,999

64

71

-9.9%

1,300

1,244

4.5%

$500,000 - $599,999

64

63

1.6%

1,177

1,040

13.2%

$600,000 - $699,999

33

44

-25.0%

799

769

3.9%

0 $149,999 $150,000 - $300,000 - $400,000 - $500,000 - $600,000 - $700,000 - $1,000,000 - $1,500,000 - $2,000,000 and below $299,999 $399,999 $499,999 $599,999 $699,999 $999,999 $1,499,999 $1,999,999 and above

Original List Price

New Listings by Price Range 12-mth Period: Condos 12-mth Total This Period $700,000 - $999,999

64

79

-19.0%

1,331

1,229

12-mth Total Last Period

1,400

8.3%

$1,000,000 - $1,499,999

$1,500,000 - $1,999,999

23

19

26

13

-11.5%

46.2%

533

224

497

220

7.2%

1.8%

New Listings

1,200 1,000 800 600 400 200 $2,000,000 and above

27

32

-15.6%

240

250

-4.0%

All Condos

445

451

-1.3%

7,918

7,279

8.8%

0 $149,999 $150,000 - $300,000 - $400,000 - $500,000 - $600,000 - $700,000 - $1,000,000 - $1,500,000 - $2,000,000 and below $299,999 $399,999 $499,999 $599,999 $699,999 $999,999 $1,499,999 $1,999,999 and above

Original List Price

This 12-month period reflects the consecutive12-month period up through the current month, while last period reflects the same 12-month period one year prior.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 25 of 36


Pending Sales by Price Range: Single-Family Homes December 2025 OAHU, HAWAII (A measure of contract activity / a count of properties that have had offers accepted on them in a given month)

Single-Family Homes

Dec-25

Dec-24

%chg

12-mth 12-mth Total This Total Last Period Period

Pending Sales by Price Range 1-mth Period: Single-Family Homes

%chg

Dec-25 3

2

50.0%

39

37

90 80

5.4%

$450,000 - $599,999

7

10

-30.0%

84

105

-20.0%

$600,000 - $699,999

7

11

-36.4%

124

118

5.1%

$700,000 - $799,999

12

12

0.0%

227

239

-5.0%

$800,000 - $899,999

17

29

-41.4%

379

388

-2.3%

$900,000 - $999,999

25

23

8.7%

357

390

-8.5%

Pending Sales

$449,999 and below

Dec-24

70 60 50 40 30 20 10 0 $449,999 and below

$450,000 $599,999

$600,000 $699,999

$700,000 $799,999

$800,000 $899,999

$900,000 - $1,000,000 - $1,500,000 - $2,000,000 - $3,000,000 $999,999 $1,499,999 1,999,999 $2,999,999 and above

Current List Price

Pending Sales by Price Range 12-mth Period: Single-Family Homes 12-mth Total This Period $1,000,000 - $1,499,999

82

71

15.5%

1,121

1,020

12-mth Total Last Period

1,200

9.9%

$1,500,000 - 1,999,999

$2,000,000 - $2,999,999

21

15

19

12

10.5%

25.0%

416

190

380

199

9.5%

-4.5%

Pending Sales

1,000 800 600 400 200 $3,000,000 and above

11

5

120.0%

150

114

31.6%

All Single-Family Homes

200

194

3.1%

3,087

2,990

3.2%

0 $449,999 and below

$450,000 $599,999

$600,000 $699,999

$700,000 $799,999

$800,000 - $900,000 - $1,000,000 - $1,500,000 - $2,000,000 - $3,000,000 $899,999 $999,999 $1,499,999 1,999,999 $2,999,999 and above

Current List Price This 12-month period reflects the consecutive12-month period up through the current month, while last period reflects the same 12-month period one year prior.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 26 of 36


Pending Sales by Price Range: Condos December 2025 OAHU, HAWAII (A measure of contract activity / a count of properties that have had offers accepted on them in a given month)

Condos

Dec-25

Dec-24

%chg

12-mth 12-mth Total This Total Last Period Period

Pending Sales by Price Range 1-mth Period: Condos

%chg

Dec-25 $149,999 and below

10

6

66.7%

159

137

Dec-24

60

16.1%

$150,000 - $299,999

$300,000 - $399,999

40

42

41

47

-2.4%

-10.6%

533

758

478

767

11.5%

-1.2%

Pending Sales

50 40 30 20 10 $400,000 - $499,999

45

57

-21.1%

724

817

-11.4%

$500,000 - $599,999

51

37

37.8%

673

676

-0.4%

$600,000 - $699,999

20

36

-44.4%

459

534

-14.0%

0 $149,999 and below

$150,000 $299,999

$300,000 $399,999

$400,000 $499,999

$500,000 $599,999

$600,000 $699,999

$700,000 - $1,000,000 - $1,500,000 - $2,000,000 $999,999 $1,499,999 $1,999,999 and above

Current List Price

Pending Sales by Price Range 12-mth Period: Condos 12-mth Total This Period $700,000 - $999,999

44

53

-17.0%

700

746

12-mth Total Last Period

900

-6.2%

$1,000,000 - $1,499,999

$1,500,000 - $1,999,999

20

8

21

4

-4.8%

100.0%

270

110

273

99

-1.1%

11.1%

Pending Sales

800 700 600 500 400 300 200 100 $2,000,000 and above

2

8

-75.0%

105

74

41.9%

All Condos

282

310

-9.0%

4,491

4,601

-2.4%

0 $149,999 and below

$150,000 $299,999

$300,000 $399,999

$400,000 $499,999

$500,000 $599,999

$600,000 $699,999

$700,000 - $1,000,000 - $1,500,000 - $2,000,000 $999,999 $1,499,999 $1,999,999 and above

Current List Price This 12-month period reflects the consecutive12-month period up through the current month, while last period reflects the same 12-month period one year prior.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 27 of 36


Active Inventory* by Price Range: Single-Family Homes December 2025 OAHU, HAWAII (The number of properties active on market at the end of a given month)

Active Inventory by Price Range Single-Family Homes

Dec-25

Dec-24

Single-Family Homes

YOY chg

Dec-25

$449,999 and below

8

8

0.0%

Dec-24

180 160

$600,000 - $699,999

$700,000 - $799,999

15

24

41

24

37

38

-37.5%

-35.1%

7.9%

140

Active Listings

$450,000 - $599,999

120 100 80 60 40 20 0

$800,000 - $899,999

41

55

-25.5%

$900,000 - $999,999

48

56

-14.3%

$1,000,000 - $1,499,999

149

171

-12.9%

$449,999 and $450,000 below $599,999

$600,000 $699,999

$700,000 $799,999

$800,000 $899,999

$900,000 - $1,000,000 - $1,500,000 - $2,000,000 - $3,000,000 $999,999 $1,499,999 1,999,999 $2,999,999 and above

Current List Price

Active Inventory - Percent Share by Price Range (portion of total active status listings represented by a given price range)

DEC-25 $1,500,000 - 1,999,999

97

106

-8.5%

4%

10%

93

61

5%

$599,999 and below 27%

33%

$2,000,000 - $2,999,999

DEC-24

14%

52.5%

$600,000 to $799,999

$600,000 to $799,999 16%

$800,000 to $999,999

$3,000,000 and above

All Single-Family Homes

119

635

119

675

0.0%

$1,000,000 to $1,999,999 39%

$599,999 and below

11%

$2,000,000 and above

$800,000 to $999,999 $1,000,000 to $1,999,999

41% $2,000,000 and above

-5.9%

*Indicator modified as of 2021 to reflect Active status listings only and applied to historical monthly data shown above. Previous report indicator, referred to as Active Listings, reflected all actively marketed listings in A and C status.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 28 of 36


Active Inventory* by Price Range: Condos December 2025 OAHU, HAWAII (The number of properties active on market at the end of a given month)

Active Inventory by Price Range Condos

Dec-25

Dec-24

Condos

YOY chg

Dec-25

$149,999 and below

62

55

12.7%

Dec-24

450 400

$300,000 - $399,999

$400,000 - $499,999

270

384

310

237

274

283

13.9%

40.1%

9.5%

350

Active Listings

$150,000 - $299,999

300 250 200 150 100 50 0

$500,000 - $599,999

291

245

18.8%

$600,000 - $699,999

176

167

5.4%

$700,000 - $999,999

317

288

10.1%

$149,999 and $150,000 below $299,999

$300,000 $399,999

$400,000 $499,999

$500,000 $599,999

$600,000 $699,999

$700,000 - $1,000,000 - $1,500,000 - $2,000,000 $999,999 $1,499,999 $1,999,999 and above

Current List Price

Active Inventory - Percent Share by Price Range (portion of total active status listings represented by a given price range)

DEC-24

DEC-25 $1,000,000 - $1,499,999

153

155

-1.3%

$1,500,000 - $1,999,999

82

89

-7.9%

9%

15%

12%

$299,999 and below $300,000 to $499,999

22%

$300,000 to $499,999 23%

$500,000 to $699,999

29%

32%

$2,000,000 and above

120

135

-11.1%

$700,000 to $1,499,999 22%

2,165

1,928

$500,000 to $699,999 $700,000 to $1,499,999

21% $1,500,000 and above

All Condos

$299,999 and below

15%

$1,500,000 and above

12.3%

*Indicator modified as of 2021 to reflect Active status listings only and applied to historical monthly data shown above. Previous report indicator, referred to as Active Listings, reflected all actively marketed listings in A and C status.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 29 of 36


Active Inventory*: Single-Family Homes and Condos December 2025 OAHU, HAWAII

Active Inventory Single-Family Homes

400 350 300 Listings

250

$599,999 and below $600,000 to $799,999

200

$800,000 to $999,999

150

$1,000,000 to $1,999,999 $2,000,000 and above

100 50 0 Dec-23

Dec-24

Dec-25

Single-Family Homes $599,999 and below $600,000 to $799,999 $800,000 to $999,999 $1,000,000 to $1,999,999 $2,000,000 and above

D-23 26 61 114 234 165

J-24 25 58 119 235 170

F-24 25 54 134 230 156

M-24 22 63 113 225 158

A-24 29 63 105 253 168

M-24 25 71 103 269 172

J-24 11 66 112 281 183

J-24 21 76 132 305 188

A-24 25 81 135 325 194

S-24 26 80 138 311 200

O-24 26 70 133 315 197

N-24 29 74 130 323 193

D-24 32 75 111 277 180

J-25 38 93 130 291 182

F-25 36 98 137 272 185

M-25 29 89 151 305 199

A-25 30 98 146 324 207

M-25 29 90 149 330 220

J-25 33 89 137 369 233

J-25 34 93 120 374 231

A-25 25 88 121 334 222

S-25 28 79 119 352 220

O-25 29 80 95 326 245

N-25 27 75 100 299 223

D-25 23 65 89 246 212

Total

600

607

599

581

618

640

653

722

760

755

741

749

675

734

728

773

805

818

861

852

790

798

775

724

635

Active Inventory Condos

900 800 700

Lisings

600

$299,999 and below

500

$300,000 to $499,999

400

$500,000 to $699,999

300

$700,000 to $1,499,999 $1,500,000 and above

200 100 0 Dec-23 Condos $299,999 and below $300,000 to $499,999 $500,000 to $699,999 $700,000 to $1,499,999 $1,500,000 and above

Total

Dec-24 D-23 152 349 264 315 154 1,234

J-24 186 386 273 343 160 1,348

F-24 185 431 266 343 163 1,388

M-24 205 464 280 364 180 1,493

A-24 210 497 310 377 182 1,576

M-24 217 517 343 396 178 1,651

J-24 223 556 364 412 174 1,729

J-24 245 593 391 473 165 1,867

A-24 253 597 399 468 162 1,879

S-24 244 597 420 463 163 1,887

O-24 281 605 439 479 153 1,957

Dec-25 N-24 287 624 446 490 202 2,049

D-24 292 557 412 443 224 1,928

J-25 321 615 460 470 222 2,088

F-25 308 651 466 514 221 2,160

M-25 302 729 519 543 209 2,302

A-25 326 806 582 577 221 2,512

M-25 331 825 592 591 217 2,556

J-25 338 825 578 590 211 2,542

J-25 336 827 542 571 183 2,459

A-25 315 821 533 549 194 2,412

S-25 308 762 546 531 180 2,327

O-25 324 728 558 532 199 2,341

N-25 336 734 511 518 185 2,284

D-25 332 694 467 470 202 2,165

*Indicator modified as of 2021 to reflect Active status listings only and applied to historical monthly data shown above. Previous report indicator, referred to as Active Listings, reflected all actively marketed listings in A and C status.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 30 of 36


Total Inventory In Escrow* by Price Range: Single-Family Homes December 2025 OAHU, HAWAII (The number of properties in an escrow status at the end of a given month)

Total Inventory In Escrow by Price Range Single-Family Homes

Dec-25

Single-Family Homes

Dec-24 YOY chg

Dec-25 $449,999 and below

6

9

-33.3%

$450,000 - $599,999

18

23

-21.7%

$600,000 - $699,999

18

18

0.0%

$700,000 - $799,999

27

25

8.0%

$800,000 - $899,999

38

44

-13.6%

$900,000 - $999,999

36

36

0.0%

Dec-24

140 120

Listings

100 80 60 40 20 0 $449,999 and $450,000 below $599,999

$600,000 $699,999

$700,000 $799,999

$800,000 $899,999

Current List Price

Total Inventory In Escrow - Percent Share by Price Range $1,000,000 - $1,499,999

127

106

$900,000 - $1,000,000 - $1,500,000 - $2,000,000 - $3,000,000 $999,999 $1,499,999 1,999,999 $2,999,999 and above

19.8%

(portion of total inventory in escrow represented by a given price range)

DEC-25 $1,500,000 - 1,999,999

39

37

5.4%

12%

7% 13%

$2,000,000 - $2,999,999

24

23

19

17

11.8%

47%

352

338

9%

$599,999 and below 13%

$800,000 to $999,999 $1,000,000 to $1,999,999 $2,000,000 and above

All Single-Family Homes

12%

$599,999 and below $600,000 to $799,999

4.3% 21%

$3,000,000 and above

DEC-24

$600,000 to $799,999 $800,000 to $999,999

42%

24%

$1,000,000 to $1,999,999 $2,000,000 and above

4.1%

*New indicator added to reports as of 2021, including applicable historical data.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 31 of 36


Total Inventory In Escrow* by Price Range: Condos December 2025 OAHU, HAWAII (The number of properties in an escrow status at the end of a given month)

Total Inventory In Escrow by Price Range Condos

Dec-25

Condos

Dec-24 YOY chg

Dec-25 $149,999 and below

14

16

-12.5%

Dec-24

90 80

59

60

-1.7%

$300,000 - $399,999

65

78

-16.7%

70 60

Listings

$150,000 - $299,999

50 40 30

$400,000 - $499,999

70

79

20

-11.4%

10 0 $500,000 - $599,999

74

55

34.5%

$600,000 - $699,999

44

53

-17.0%

$149,999 and $150,000 below $299,999

$300,000 $399,999

$400,000 $499,999

$500,000 $599,999

$600,000 $699,999

$700,000 - $1,000,000 - $1,500,000 - $2,000,000 $999,999 $1,499,999 $1,999,999 and above

Current List Price

Total Inventory In Escrow - Percent Share by Price Range $700,000 - $999,999

76

79

-3.8%

(portion of total inventory in escrow represented by a given price range)

DEC-24

DEC-25 $1,000,000 - $1,499,999

32

27

18.5%

5% 24%

$1,500,000 - $1,999,999

12

5

$300,000 to $499,999

10

10

456

462

$299,999 and below $300,000 to $499,999

0.0%

26%

$500,000 to $699,999 $700,000 to $1,499,999 $1,500,000 and above

All Condos

17% 23%

140.0% 29%

$2,000,000 and above

3%

$299,999 and below

16%

$500,000 to $699,999 23%

34%

$700,000 to $1,499,999 $1,500,000 and above

-1.3%

*New indicator added to reports as of 2021, including applicable historical data.

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 32 of 36


Months Supply of Active Inventory by Price Range: Single-Family Homes December 2025 OAHU, HAWAII (Compares active inventory to a rolling 12-month average closed sales)

Months Supply of Inventory by Price Range Single-Family Homes

Single-Family Homes

Dec-25 Dec-24 YOY chg

Dec-25

15 2.0

4.0

-50.0%

$450,000 - $599,999

2.5

4.0

-37.5%

$600,000 - $699,999

2.7

4.1

-34.1%

$700,000 - $799,999

2.9

2.0

Months of Inventory

$449,999 and below

Dec-24

45.0%

$800,000 - $899,999

1.4

1.8

-22.2%

$900,000 - $999,999

1.7

2.0

-15.0%

12 9 6 3 0 $449,999 $450,000 - $600,000 - $700,000 - $800,000 - $900,000 - $1,000,000 - $1,500,000 - $2,000,000 - $3,000,000 and below $599,999 $699,999 $799,999 $899,999 $999,999 $1,499,999 1,999,999 $2,999,999 and above

Current List Price

Months Supply of Inventory 1.7

2.1

-19.0%

$1,500,000 - 1,999,999

2.9

3.4

-14.7%

$2,000,000 - $2,999,999

$3,000,000 and above

5.5

9.9

3.8

13.2

44.7%

-25.0%

Single-Family Homes 10 Months of Inventory

$1,000,000 - $1,499,999

8 $599,999 and below 6

$600,000 to $799,999 $800,000 to $999,999

4

$1,000,000 to $1,999,999 2

$2,000,000 and above

0 All Single-Family Homes

2.6

2.9

-10.3%

Dec-23

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Dec-24

Dec-25

Page 33 of 36


Months Supply of Active Inventory by Price Range: Condos December 2025 OAHU, HAWAII (Compares active inventory to a rolling 12-month average closed sales)

Months Supply of Inventory by Price Range Condos

Condos

Dec-25 Dec-24 YOY chg

Dec-25

21 4.4

4.6

-4.3%

$150,000 - $299,999

6.0

5.9

1.7%

$300,000 - $399,999

6.3

4.6

37.0%

$400,000 - $499,999

5.3

4.4

20.5%

18

Months of Inventory

$149,999 and below

Dec-24

15 12 9 6 3

$500,000 - $599,999

5.4

4.5

20.0%

$600,000 - $699,999

4.6

4.1

12.2%

0 $149,999 $150,000 - $300,000 - $400,000 - $500,000 - $600,000 - $700,000 - $1,000,000 - $1,500,000 - $2,000,000 and below $299,999 $399,999 $499,999 $599,999 $699,999 $999,999 $1,499,999 $1,999,999 and above

Current List Price

Months Supply of Inventory Condos

$1,000,000 - $1,499,999

$1,500,000 - $1,999,999

$2,000,000 and above

5.5

7.3

9.1

13.3

4.5

7.0

11.1

19.3

22.2%

4.3%

-18.0%

-31.1%

16

Months of Inventory

$700,000 - $999,999

14 12

$299,999 and below

10

$300,000 to $499,999

8

$500,000 to $699,999

6

$700,000 to $1,499,999

4

$1,500,000 and above

2 0 Dec-23

All Condos

5.9

5.2

Dec-24

Dec-25

13.5%

SOURCE: Honolulu Board of REALTORS®, residential resales compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 34 of 36


Closed Sales Single-Family Homes and Condos OAHU, HAWAII: Jan 1987 to the Present

900 Closed Sales SFH

Closed Sales CONDO

800

700

600

500

400

300

200

100

0 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

SOURCE: Honolulu Board of REALTORS®, compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 35 of 36


Median Sales Price Single-Family Homes and Condos OAHU, HAWAII: Jan 1987 to the Present $1,400,000 Median Sales Price SFH

Median Sales Price CONDO

$1,200,000

$1,000,000

$800,000

$600,000

$400,000

$200,000

$0 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

SOURCE: Honolulu Board of REALTORS®, compiled from MLS data. ©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

Page 36 of 36


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Oahu Real Estate Update - December 2025 by List Sotheby's International Realty Hawaii - Issuu