Waikiki Condo Market Analysis

The Waikiki condo market in January 2026 presents an intriguing mix of conditions that reflect a shifting landscape for both buyers and sellers. With the months of inventory currently standing at 7.89, there is a slight tilt towards a buyer's market, although this figure has decreased by 4.83% from the previous period. This suggests a gradual tightening of the market as more properties are being absorbed, a trend that sellers might find encouraging. For buyers, the abundance of inventory means there are still plenty of options to explore, but the decreasing trend could indicate that this advantage may not last indefinitely.

The sold-to-list price ratio at 97.0% represents a modest increase of 0.07%, indicating that properties are generally selling close to their asking prices. This ratio suggests a healthy demand, as sellers are achieving prices near their expectations. Buyers should be prepared to make competitive offers if they wish to secure desirable properties, as the market appears to be favoring sellers slightly in price negotiations. However, the ratio below 100% still provides buyers with some room for negotiation, particularly if they are well-informed and strategic.

A notable metric pointing to market dynamics is the median days on market, which has decreased to 51 days, down by 8.93%. This indicates that condos are selling more quickly, reflecting increased buyer activity and interest. For sellers, this is a positive sign of robust demand, suggesting that properties are moving at a brisker pace than in previous months. Buyers, on the other hand, may need to act more swiftly when they find a property that meets their criteria, as the window of opportunity is narrowing.

The median sold price has risen to $490,000, marking a 6.52% increase. This is indicative of a strengthening market where demand is pushing up prices. Sellers will likely find this development favorable, as it points to the potential for achieving higher returns on their investments. Buyers should be mindful of the upward price trajectory and consider acting sooner rather than later to take advantage of current pricing before it potentially escalates further.

While the current data provides insight into the Waikiki condo market, it's important to remember that real estate conditions can change rapidly due to various economic, political, and environmental factors. Therefore, both buyers and sellers should remain vigilant and informed, adapting their strategies as needed to align with the evolving market.

For those seeking personalized guidance tailored to their unique situation, Christopher Breen is available to offer expert advice and insights. Whether you're looking to buy or sell in Waikiki, having a knowledgeable resource like Christopher can help you navigate the complexities of the market with confidence.