Aloha! This is Chiaki Yamada with KW Big Island. As the Autumn Equinox arrives, I hope you'll enjoy the beauty of the season and the vibrant colors that make this time of year so special.

The Hawaii real estate market is slowing as offshore buyers decrease while local buyers remain active, particularly in the single-family home market for properties priced under $1.5 million. 

Exceptional luxury properties and well-priced homes are still finding buyers quickly, even in this market. This suggests many buyers are still waiting for the right property.

The good news is that single-family home inventory is not overwhelming, which helps prevent significant price drops.

However, challenges remain for second homes or luxury properties priced above $2 million, as well as with increased condo inventory.

For buyers, this is an advantageous time to negotiate prices and terms. It's important to stay alert, as multiple-offer situations are still a reality.

While interest rates have increased slightly, I can introduce you to lenders who can strategize your loan options, including buying down points or exploring creative qualification processes for new loan products. Now is a good time to be creative in securing the best loan services available.

Kona Residential Market Overview (as of September 21, 2026)

Here’s a snapshot of the Kona residential market, highlighting key insights:
  • Active Listings: Increased by 6 % from last year September, which is not overwhelming
  • Inventory Level : 4.2 Months
  • Pending Ratio: Decreased by 19 % from last year September, Price range more than $2M showing slow down
  • Average Days on Market: Properties are currently taking an average of 124 days on the market, which slightly decreased from 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 September 19, 2026)

While the inventory remains high and the market is slow, however there has been an increase condos going under contract this month!

Here’s a snapshot of the Kona residential market, including key insights:

Active Listings: Increased by 29% from 2025 September, which is significant inventory increase.
Inventory Level : 11.9 months !
Pending Ratio: Ratio is low due to high inventory, but the number is similar to last year Septebmer
Average Days on Market: Currently, properties are taking an average of 119 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!