Hawaii Real Estate Market 2025: What Sellers (and Buyers) Should Know Now

2025 is bringing notable changes to the real estate market-both in the U.S. and right here in Hawaii. As national momentum shifts away from a seller's market and local trends evolve, equity-rich homeowners and prospective sellers need the clearest, most strategic view possible.

1. National Market Trends You Need to Know

According to Forbes, the U.S. housing market is holding stable-with a low chance of a crash this year-as mortgage rates and construction activity remain steady. Forbes+3Hawaii Files+3WIRED+3 Another report shows that moderate home price growth is still expected, yet affordability challenges remain. Forbes+1 Notably, buyers now hold more leverage with growing inventory and fewer homes selling above asking price.

2. Hawaii Real Estate: Slowing, But Still Strong

• Inventory in Hawaii surged about 25%, reaching roughly 7,000 homes for sale in early 2025-a sign of a more balanced market.Forbes+7Forbes+7Forbes+7Houzeo

• Only 15% of homes are selling above asking price, with 21% trending below-reflecting reduced competition and more negotiating power. Houzeo

• On O'ahu, March 2025 stats reveal: single-family home sales fell 10%, but median prices increased 5.5%-showing resilience. Condos rose 7.3% in sales volume, with stable prices. Steadily

• Zillow data shows Hawaii's median home value at ~$831K, down 2.5% year-over-year, with homes taking about 43 days to go pending. Zillow+1

3. Local Highlights & Housing Shifts

• Maui Legislation: New rules will phase out many short-term vacation rentals, potentially freeing up over 6,100 units for long-term residents-addressing housing supply issues. AP News

• Lahaina Rebuild: Survivors risk being priced out without zoning changes that support workforce housing. Wikipedia+3AP News+3AP News+3

• Demand Demographics:  Projected statewide demand for 2025-2035 targets 3,300-4,100 housing units annually, reinforcing long-term growth.Hawaii Files

4. What This Means for You as a Seller

• Act Now: With inventory building, positioning your home effectively is key-pricing smartly and staging well can make a difference.

• Leverage Local Trends: Rising median prices and stable demand mean you still have an opportunity-but timing and preparation matter.

• 1.5% Listing Advantage: If selling is on your radar, my limited-time 1.5% listing fee special gives you full-service support while preserving more of your equity.

The Hawaii market is evolving-but opportunities for informed sellers remain strong. Whether your next step is upgrading, downsizing, or moving out-of-state, I'm here to help you navigate market shifts with confidence and strategy.

Ready to explore your best options? Contact me today at 808-862-LISA, or reply to this post to request your customized valuation or market strategy-no pressure, just expertise.