Aloha! This is Chiaki Yamada with KW-Big Island. The start of the new year is a time for renewal and fresh possibilities. I hope you’re staying warm and comfortable, as we’re experiencing winter surf and breathtaking tropical sunsets here in Hawaii.

We entered January expecting our usual jump in real estate activity, but things have been a bit quieter this winter. Buyer interest has been steady rather than rushed, and tourism is also softer compared to past years.

The slower pace may be attributed to consumer uncertainty regarding both domestic and foreign policies, with inflation affecting everyday life. As a result, fewer people seem to be exploring the real estate market, creating potential opportunities for those who are still looking to buy, and we’re anticipating a gradual pickup as we move into the coming months.

In the residential sector in Kona, January has seen an 8% increase in inventory, while the pending ratio has decreased by 16%. This indicates more available properties but less demand from buyers. Homes priced under $1 million, which are typically the most affordable, are experiencing noticeable decreases in buying activity. Consequently, most price ranges have shifted to a buyer's market. Interestingly, properties in the $2–$3 million range are seeing comparatively stronger demand and are holding in what’s considered a neutral market. Over the past 30 days, the average closing price was 92% of the original asking price, approximately 97% of the reduced price. This highlights the importance of pricing based on recent sales rather than solely on current listings.

As of January 19, 2026, here’s an overview of the Kona Residential Market, including active listings, properties under contract, the pending ratio, and market insights. Please note that market conditions vary by price range, and it is currently taking longer to find buyers, with average days on the market now at 102 days.

In the condo market in Kona, we have observed a significant increase in inventory, which has risen over 26% compared to two months ago. At the same time, the pending ratio has decreased by 40%. Similar to the residential market, this trend of more inventory coupled with reduced buying demand indicates a shift more towards a "buyer's market."

As of January 19, 2026, here is the latest information on the Kona Condo Market, including active listings, properties under contract, the pending ratio, and market insights. Currently, the market is classified as a "buyer's market," with properties averaging 124 days on the market. In the last 30 days, the average closing sale price was 91% of the original asking price and 94% of the reduced price. 
I am here to provide you with a detailed market analysis in your neighborhood. If you or anyone you know may be thinking of buying, selling or both, I would be happy to be of service!