Oahu Luxury Real Estate Update: December 2025 Trends You Should Know

The Oahu Luxury Real Estate Landscape in December 2025

As we close the chapter on 2025, the Oahu luxury real estate market reflects a landscape characterized by both stability and subtle shifts. This December, the market wrapped up with 41 luxury home sales, matching November’s count, indicative of a steady rhythm in high-end transactions.

However, amid this stability lies a decrease in both median prices, which fell over 4%, and price per square foot, down by 10% from the previous month. Notably, homes are still fetching a slightly higher percentage of their asking prices, though a significant jump was observed in price reductions—an increase from 21.9% in November to 34.1% in December. High-quality, well-priced homes continue to attract interest, yet those that don’t align with market expectations are feeling the pressure to adjust prices.

Condo Market Trends: A Dynamic Shift

In striking contrast to single-family homes, the luxury condo sector exhibited vibrant activity with 17 sales in December, marking a 54.5% rise from the prior month. This uptick positions December as the second-highest month for luxury condo sales in 2025, trailing only August.

The median price for luxury condos swelled substantially—up 18% from November. Despite this surge, it’s important to note that condos now take approximately two and a half months longer to sell compared to earlier months. Buyers are clearly taking a more cautious approach, navigating negotiations with care and deliberating their commitments. Amidst this, both sectors maintain largely unchanged inventory levels.

Key Influencers on Market Dynamics

The Oahu market is clearly affected by broader economic factors, including shifting mortgage rates and affordability dynamics. As outlined in various reports, while single-family home sales increased by 3.5% in 2025, condo sales witnessed a slight decline of 1.1%. This differentiation suggests a nuanced shift in buyer preferences, perhaps leaning towards homes offering more space and exclusivity as travel and lifestyle patterns stabilize post-pandemic.

Additionally, inventory levels for single-family homes dropped by 5.9%, contrasting with a 12.3% uptick in condo inventory. Buyers now have more options at their fingertips, enhancing their leverage in negotiations. This kind of flexibility is paramount in a competitive market where both sellers and buyers must continuously adjust strategies to succeed.

Looking Ahead: Predictions for 2026

As we step into 2026, several trends will likely shape the Oahu luxury real estate market. Analysts predict ongoing stabilization in pricing and an even sharper focus on strategic pricing strategies by sellers. Given the current trajectory of condo sales maintaining a robust upswing, the luxury condominium market may attract more buyers, particularly those seeking investment opportunities or second homes.

A potential for increased activity could emerge as buyers become accustomed to current market conditions, coupled with the anticipated stabilization of mortgage rates. Overall, the outlook appears cautiously optimistic, with well-priced homes poised to spark buyer interest in a market that reflects ongoing evolution.

Conclusion: Navigating the Current Landscape

For prospective buyers or sellers in the Oahu luxury real estate sphere, understanding these trends is crucial. The interplay of pricing strategies, buyer behavior, and market dynamics will continue to influence sales patterns. Engaging with experienced realtors who understand these nuances can be pivotal in making informed decisions that align with personal goals.

Stay informed and ahead of the trends by continuing to monitor the evolving landscape with expert analyses. The Oahu luxury real estate market is as dynamic as the islands themselves, and those who adapt will thrive.