This is Chiaki Yamada with KW-Big Island. As we reach the last day of June, we are officially halfway through the year. I hope you are enjoying the summer!

In June, we observed some changes in the real estate market compared to May. The inventory for the residential market increased by 5%, while the condo inventory saw a rise of 12%. However, the number of pending sales (properties in escrow) has decreased, indicating a slowdown in buying activity this month.

In my observation, one key factor contributing to this market slowdown is the decline of mainland buyers this year, who typically purchase second homes, future retirement properties, or investment properties. Amid global uncertainty, it appears that offshore buyers are currently holding off. Conversely, we have many local buyers who are actively seeking and purchasing properties in this market. As a result, we continue to see a vibrant Residential market for properties priced under $1.5 million.

I remain optimistic that once mainland buyers start returning to Hawaii, our market will rebound.

For buyers in the current market, there are more options available, and you may find greater room for negotiation compared to the past five years. Currently, the average sold price is 96% of the reduced price and 93% of the original price.

Kona Residential Market Overview (as of June 29, 2026)

Here’s a snapshot of the Kona residential market, highlighting key insights:
  • Active Listings: Increased by 5% compared to May (with inventory in the $1M to $1.5M range rising).
  • Pending Ratio: Decreased by 25%, indicating less buying activity in the $1.5M and above segment.
  • Average Days on Market: Properties are currently taking an average of 128 days on the market, which is similar to last month.

Please keep in mind that market conditions can vary significantly by price range, and it may take longer to find buyers in certain segments

Kona Condo Market Overview (as of June 29, 2026)
The inventory remains high, while buying activity has decreased compared to last month. While condo buyers are present in the market, they are currently hesitant to make decisions.

Here’s a snapshot of the Kona residential market, including key insights:
 
Active Listings: Increased 12% from May. Most inventory is between $500,000 and $1M.
Pending Ratio: Decreased by 54%, indicating the Buying Demand decreased.
Average Days on Market: Currently, properties are taking an average of 112 days

For those considering an investment in the Kona condo market, this may be an opportune time to explore potential deals, as increased activity could lead to favorable opportunities.
I am here to provide you with a detailed market analysis for your neighborhood. If you or anyone you know may be thinking of buying, selling or both, I would be happy to be of service!