The recent sales bump heading into the spring selling season was short-lived, as both total sales and median prices retreated in April. Many potential buyers stepped to the sidelines amid uncertainty surrounding tariffs, the broader economy, and a softening housing market. The market is currently divided into three distinct segments: properties priced below $1 million, those above $1 million, and the condo sector-each showing different levels of activity and buyer demand. Similar conditions are expected to persist in the near term. However, with some increased economic clarity and relief in mortgage interest rates, the market could rebound quickly.

Brief Overview:
Island of Hawaii Unit Sales Stats for April 2025 VS. April 2024 

TOTAL SALES
Single Family Homes – Total sales of 149 single family homes marks a decrease of 18% in comparison to April 2024.
Condos – 47 total sold – down 40% from 2024 sales.
Land – 158 total sales of land offerings representing a decrease of 9% when compared against 2024 sales for April.

NEW LISTINGS
Single Family Homes – 185 new listings for April 2025. Up 3% from previous year.
Condominiums – 60 new condo listing for April 2024. Down 5% from April 2024.

Single Family Homes Specific Stats:
Median Sales Price:
$610,000 in April 2025. An increase of 14% over median prices from April 2024.
Days on Market:
28 days on market for April 2025 – a decrease of 3% from April 2024.

Condominium Specific Stats:
Median Sales Price:
$580k in April 2024. Median prices down by 26% from April 2024.
Days on Market:
42 median days on market in April 2025.  Down by 20% from previous year.

Vacant Land Specific Stats:
Median Sales Price:
$54,000 representing a 12% increase in median price over April 2024.
Days on Market:
34 Days on Market for land sold in April 2025.  A decrease for days on market of 5%.

Written by Rick Oliver on May 6, 2025
Posted in: Blog, Real Estate |