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Aloha from Chiaki Yamada with KW-Big Island. I hope that wherever you might be you are keeping yourself cool. In Kona, we are feeling a lot warmer in July with sunny mornings; however, pleasant showers in the afternoons and evenings keep us cool.
As we move through the month of July, we see the market gaining momentum. Buying activities have improved; as a result, more properties have opened escrow. Overall, there is much more activity in July than in June, and the inventory has decreased slightly. It is interesting to see the Residential Luxury market (more than $2M) improving, as well as the more affordable condo market (under $500K).
For Kona's Residential Market, according to statistical data, median prices remain high and stable. Since these figures are calculated based on properties which have already been sold, it’s indicative that a greater number of high-priced homes are being purchased, as compared to those which are more affordable. Compared to last month (June), inventory decreased by 5% and the Pending Ratio increased by 20% which indicates buying activity has improved. However, the overall Market is currently a "Buyer's Market" based on the Pending Ratio. Currently, we have 141 homes for sale and 42 are in escrow, which is a 30 % pending ratio. Days on Market are now averaging 85 days and in the last 30 days the average closing sale is 95% of asking price.
Here is the information on the Kona Residential Market (Active Listings, Under Contract, Pending Ratio and Market Insight) as of 7/23/2025. The Market varies depending on the price range.
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