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Hawaiisreal estatemarket is telling a complex story.
Oahus Reality Check
Single-family home transactions on Oahu have dropped to their lowest level in 25 years.
Mauis Perfect Storm
The Maui market faces unique challenges.
About 32% of housing is owned by out-of-state buyers the highest ratio in Hawaii, per the report.
Add in the loss of 3,000 homes from recent wildfires, and youve got a market under unprecedented pressure.
Honolulus Rental Squeeze
Honolulus rental market tells a similar story.
More than 80% of Honolulu renters spend over 30% of their income on housing.
The Out-of-State Impact
Across Oahu, about 13% of housing units are owned by non-residents.
These properties often sit vacant, limiting supply and driving up costs for locals.
Empty homes nownumberaround 35,000 across Honolulu County alone.
The Population Shift
The housing crunch has real consequences.
In 2022, Hawaii saw a net loss of 11,000 residents about 1% of its population.
The combination of high prices and limited availability is literally reshaping Hawaiis communities.
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