McCully-Moiliili Condo Market Analysis

McCully-Moiliili’s condominium market showed a mix of improving sales momentum and continued buyer leverage in September 2026. Months of inventory stood at 8.21, above the six-month level generally considered a balanced market. This indicates that buyers still have a relatively broad selection of condos and may face less pressure to make immediate decisions. For sellers, the elevated supply means that accurate pricing, property condition, and presentation remain important when competing for attention.

At the same time, months of inventory declined 13.58% from the previous period. While the market remains buyer-leaning based on overall supply, the decline suggests that available inventory is being absorbed more quickly or that fewer listings are entering the market. Buyers may still have negotiating room, but that advantage could narrow if inventory continues to fall. Sellers can view the trend as encouraging, although 8.21 months of supply does not yet signal a seller’s market.

The median number of days on market fell 17.58% to 75 days, indicating that condos sold more quickly than in the prior period. Faster sales can reflect improving demand, better alignment between asking prices and buyer expectations, or a larger share of appealing units coming to market. Buyers should be prepared to act promptly when a well-priced condo meets their needs. Sellers, however, should recognize that a 75-day median still allows buyers time to compare options, so overpricing may lead to a longer marketing period.

The sold-to-list price ratio declined 2.52% to 95.2%. In practical terms, the typical sale closed at about 95% of the final asking price. Because this figure is close to the 95% threshold associated with greater buyer leverage, it suggests that negotiation remains a meaningful part of the market. Buyers may be able to secure price concessions or favorable terms, depending on the property, while sellers should build realistic expectations into their pricing strategy and carefully evaluate the strength of each offer.

Despite those negotiating conditions, the median sold price rose 5.48% to $385,000. The increase may reflect resilient demand, a change in the mix of condos sold, or stronger pricing in particular buildings or unit types; it does not necessarily mean that every property gained the same amount in value. Buyers should compare recent sales within the same building and account for factors such as maintenance fees, parking, leasehold status, and unit condition. Sellers may find support for higher values, but building-specific data remains more useful than the neighborhood-wide median alone.

Taken together, September’s figures describe a market that still favors buyers on inventory but is showing signs of faster activity and firmer sale prices. Sellers may benefit from declining inventory and shorter marketing times, while buyers retain some leverage through the supply level and the lower sold-to-list ratio. Market conditions can change due to interest rates, insurance costs, lending requirements, economic shifts, or other unforeseen factors. For personalized guidance on a specific McCully-Moiliili condo, Christopher Breen can serve as a resource for interpreting current sales and building-level conditions.