October brought a measured steadiness to the Big Island real estate market. Following the Federal Reserve’s late-September rate cuts, Buyer sentiment began to shift toward renewed confidence, and well-priced listings continued to attract serious interest. The island as a whole posted balanced performance, modest in pace but encouraging in tone, signaling a healthy transition into the final quarter of the year.
While overall sales activity remained consistent in September, the quality of transactions strengthened. Buyers are adapting to current financing conditions, and Sellers who price strategically are seeing results without excessive days on market. Island-wide, median price movements varied by region, yet the aggregate data points to a market finding its balance after a period of adjustment.
Shifts in Momentum
North Kona, after an active September, returned to a more seasonal sales rhythm, while Hilo remained steady, driven by value-oriented inventory and consistent demand from local Buyers. Sellers in the mid-price segment saw particular traction as new mortgage rates began to ease slightly.
Reading the Island-Wide Indicators
- Single-Family Homes: 184 sales (+7 % YoY) with a median sold price of $498,500 (-9 % YoY).
- Condominiums: 39 sales (-7 % YoY) with a median sold price of $615,000 (+1 % YoY).
- Median Days on Market: Up to 62 for single-family homes and 77 for condos, evidence of selective but active Buyers.
Overall, the data suggests a market that is no longer correcting but stabilizing, a foundation for measured growth heading into 2026.
FAQs About the Hawai‘i Island Market Update
What does “steady market” mean for Buyers?
It indicates balanced supply and demand, allowing Buyers to negotiate without the frenzy seen in past years.
How did interest rate changes affect activity?
Early effects of the Fed’s rate cuts boosted confidence, particularly for Buyers entering the market before year-end.
Are prices expected to rise again soon?
Moderate stabilization is likely before any appreciation; Buyers should view the coming months as an opportunity to secure value.
Looking to navigate the market with local insight?
Contact Marco A. Silva to discuss how these trends impact your next move on Hawai‘i Island.