This is Chiaki Yamada with KW-Big Island. I hope you are enjoying the beautiful early summer days. I love the vivid colors of the shower tree blossoms – a real indication that the summer season is in full swing.

Despite experiencing a market slowdown earlier this year, April brought positive news. We saw a remarkable increase in sales: +35% for residential properties and +22% for condos compared to April of last year. This indicates that buyer demand is gradually returning, making April the highest month for sales this year.

The market is currently witnessing a shift in pricing. Buyers are now more attuned to properties that are well priced according to today’s market conditions, rather than last year’s trends. We are also seeing a rise in new listings with reasonable prices, moving away from the “testing the market” approach.

For buyers in this market, there are more options available, and you may find greater room for negotiation than in 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 May 19, 2026)
Here’s a snapshot of the Kona residential market, including key insights:

  1. Active Listings: Increased by 3 % compared to April ($1M ~ $2M inventory increased)
  2. Pending Ratio: Decreased by 13% (While $1M ~$2M Buying demand decreased, $3M ~ $4M Buying demand increased) 
  3. Average Days on Market: Currently, properties are taking an average of 128 days (Taking longer than previous month)

Please keep in mind that market conditions can vary significantly by price range, and it is taking longer to find buyers in some segments.

In Kona’s condo market as of May 19, 2026, inventory remains high, while buying activity is low but steady. There is significant improvement in the pricing lower than $500,000 and the market has now changed from Buyer to Neutral.

Kona Condo Market Overview (as of May 19, 2026)
Here’s a snapshot of the Kona residential market, including key insights:
 
Active Listings: Remain at the same level from April. Most inventory is between $500,000 and $1M.
Pending Ratio: Increased by 24%, indicating the Market is improving (Buying demand increased in the listings priced under $500,000)
Average Days on Market: Currently, properties are taking an average of 117 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!