The February 2026 data suggests that the Hawaiʻi Island real estate market may be entering a more balanced phase. Rather than the rapid price growth seen during earlier pandemic-driven years, current trends point toward steady pricing combined with more deliberate Buyer activity.
Across the island, 125 single family homes sold during February, representing a decline compared with the previous year. Despite this drop in volume, the median home price increased to $580,000, demonstrating that Sellers are still maintaining pricing strength. At the same time, the condominium market recorded 37 total transactions with a median price of $735,000.
This combination of lower sales volume and relatively stable pricing often signals a market that is transitioning toward equilibrium.
Kona Real Estate Market Signals
The Kailua Kona real estate market continues to demonstrate many characteristics of a premium housing market. In February, North Kona recorded 24 home sales with a median price of approximately $1.3 million. The condominium market in Kona recorded 22 sales with a median price near $717,500. Notably, the median days on market for Kona condominiums fell to just nine days, indicating that strong demand still exists for well-located properties.
Kohala Coast Real Estate Market Stability
The Kohala Coast real estate market continues to attract Buyers seeking resort lifestyle properties. In South Kohala, February recorded 15 home sales with a median price of $1.1 million. Condominium activity remained strong with 13 sales and a median price of $1.2 million.
Regional Variation Across the Big Island
Another important takeaway from the February data is the significant variation between districts. The Puna real estate market recorded 54 home sales, making it one of the most active districts on the island. Hilo recorded 17 home sales with a median price of $635,000. Meanwhile, smaller districts such as North Kohala and South Kona recorded only a few transactions, demonstrating how limited inventory can influence regional statistics.
What a Balanced Market Means for Buyers and Sellers
A balanced real estate market typically means that neither Buyers nor Sellers have overwhelming leverage. For Sellers, it means that strategic pricing and strong property presentation become more important. For Buyers, it often means greater opportunity to compare listings and negotiate. In the context of the Hawaiʻi Island real estate market, balance does not necessarily mean declining prices — it reflects a market where supply, demand, and pricing are adjusting to long-term trends.
Frequently Asked Questions About the Big Island Real Estate Market
Is the Big Island real estate market declining?
The February data does not suggest a major decline. Instead it indicates lower transaction volume but stable pricing.
Is Kona still the strongest market on the Big Island?
Kona remains one of the most valuable real estate markets on Hawaiʻi Island due to oceanfront access and tourism demand.
Looking Ahead for Hawaiʻi Island Real Estate
A balanced market rewards preparation — Sellers who price well and present their properties correctly, and Buyers who know what they want and act with conviction when the right property surfaces. Understanding these trends is essential for anyone considering buying or selling property on the Big Island.
For expert guidance navigating the Kona real estate market, Kohala Coast communities, or the broader Hawaiʻi Island housing market, start a conversation with Marco or view active listings.
Marco A. Silva RB 20599 | 808-557-8921
Marco@KonaLuxuryRealEstate.com
@coldwellbankerislandproperties RB 16822