Brandon Sakata - Compass Hawaii

💥O'ahu Condo Market Saw Improved Activity, While Single-Family Home Sales Dipped Slightly💥

More than 1,000 O'ahu properties priced at $500,000 and below sold during the first half of 2026, with buyers closing on 180 properties in June to bring the year-to-date total to 1,003 sales. At month's end, 1,224 active listings remained available in that price range. Through the first six months of the year, 35% of all single-family home sales closed below $1 million, while 47% of condo sales closed below $500,000.

Key Takeaways:

▪️Median Sales Price: Year over year, the median sales price of single-family homes increased 9.5% to $1,242,500, while condo/townhome median sales prices rose 3.5% to $528,000. Year-to-date, median sales prices have increased 2.6% for single-family homes and 1.5% for condos. A 39.7% increase in sales of homes priced between $1.3 million and $1.99 million helped drive June's higher single-family home median sales price.

▪️Median Days on Market: Buyer demand remained strong for single-family homes, with the median days on market dropping to 13 days, 11 days faster than a year ago (24 days). Condo/townhome median days on market remained unchanged at 40 days.

▪️Sales Activity: June saw 270 single-family home sales, a 6.6% decrease year over year, while 397 condo/townhome sales represented a 10.9% increase. Through the first half of 2026, single-family home sales increased 3.9%, while overall year-to-date condo sales remained 2.3% below last year's pace despite June's strong performance.

▪️Seller Performance: The share of single-family homes selling above asking price increased from 27% to 33%, while sellers received a median of 100% of their original asking price in June.

A big congratulations to my friend and client on closing on another investment property today 🎉🔑

This closing is especially meaningful because it marks their 7th real estate transaction with me. I’m truly grateful for the trust and relationship we’ve built over the years.

This time around, we were able to secure a 1-bedroom condo in Royal Palm at Waipio for $25,000 below the original asking price. During the home inspection period, I also negotiated an additional $1,500 credit for my client. To top it all off, the property appraised for $10,000 above the purchase price which is always great news 🙌🏻

The next step is a renovation before adding the property to their rental portfolio. I love being able to help clients not only buy homes, but also use real estate as a tool to build long-term wealth and create opportunities for the future.

Thank you for continuing to trust me with your real estate goals. It’s been amazing being part of your journey and I’m excited to see what comes next 🤙🏻