Oahu Market Update: February 2026

Oahu’s housing market is moving through the first quarter of 2026 with a steady, confident pace. Buyer activity remains healthy across a wide range of price points. There is steady interest from households looking to move up, adjust their lifestyles, or right‑size from larger homes. While affordability and inventory remain part of the broader landscape, the overall momentum is stable and quietly strengthening.

A Solid Start for Single Family Homes

Single‑family homes remain the strongest segment, with sales up 6% year over year from 177 closings compared to 167 last February. This early‑year momentum shows that buyers are acting decisively when turnkey homes become available, especially in neighborhoods where inventory remains limited.

Single-family homes continue to lead the market, with sales trending above last year’s levels. The consistent theme this year: buyers act decisively when a home is well cared for and strategically priced for its condition, location, and age. In neighborhoods where inventory remains limited, the homes that balance thoughtful updates with smart pricing create the strongest sense of value, and those are the properties drawing faster offers and more qualified attention.

Condo sales were essentially flat year‑over‑year. With varied inventory and building profiles across the island, condos naturally experience longer days on market. For buyers, this offers more choice and room to compare. For sellers, competitive positioning and presenting clear value are key, especially for those transitioning from larger homes or planning lifestyle shifts.

Mid‑Priced Homes Anchoring Market Activity

Market momentum continues to be supported by strong activity in mid‑priced segments:

• Homes priced $500,000–$999,999 saw a 28.3% increase in sales compared to last year.
• Entry‑level segments remain active, helping sustain overall market balance and turnover.

Strong activity in these segments plays an important role in keeping the broader market healthy, supporting the natural flow of buyers and sellers across all price points—including those moving up, downsizing, or planning a lifestyle shift.

February brought measured price increases:

• Single‑family median price: $1,205,000 (+1.7%)
• Condo median price: $500,000 (+1.2%)

These trends reflect steady, long‑term appreciation driven by limited land, consistent demand, and the enduring value of homeownership in Hawaii.

Bottom Line

Oahu’s housing market continues to move at a steady pace, and homes that are well cared for and positioned effectively are drawing the strongest interest. For longtime homeowners, this environment offers excellent opportunities to plan, right‑size, or align your next move.

If you’d like a clearer picture of your home’s current value, please let me know. I’m happy to help you plan accordingly.