Let’s Talk Hamakua Stats!
Residential Median Sales experienced a whopping 134% increase, the only increase in the triple digit for the island. How/why did this happen? We had a whopper of a luxury auction sale! In addition, Single Family Home Median Days On Market increased by 50%! This means that sellers are having to be patient in moving from Active to Contingent to Sold.
In general, the Big Island market held steady in October, maintaining a similar pace to September while showing balanced year-over-year performance across much of the island. Buyers remained engaged for well-priced listings, and sellers aligned with current market conditions continued to see movement. Regional trends were mixed: North Kona cooled from September’s elevated activity and returned to a more typical fall sales pace, while Hilo remained steady, supported by value-driven demand and constant buyer interest.
Looking ahead, the Federal Reserve’s September rate cuts are beginning to filter into the market, which may support buyer confidence and help sustain activity into year-end, particularly for properties priced for today’s conditions.
You can view the rest of the report by clicking on the blue arrows below.
