North Kona single-family housing is still tight. We’re sitting at 3.54 months of inventory - that is a seller’s market. Inventory is down 21 percent from last year and dropped again month to month. That tight supply is why prices have not “crashed,” regardless of what people keep predicting.
Median sold price in September came in at $1,297,000. That 15 percent jump from last month is more about the mix of homes sold, the bigger and nicer homes closed this round - not a runaway surge. Homes are still selling around 96.5 percent of list price and the median time to sell dropped to 51 days. The good homes, when priced correctly, are still getting taken off the table.
Only 29 new listings came on in September with a median list around $1.3M. Pending activity jumped — 28 new contracts opened around $1.18M — which tells you buyers are still there and writing when the numbers make sense.
If you are buying
Do not sit around waiting for some future bargain. In a thin-inventory market, the only buyers who win are the ones prepared to act - not the ones waiting for a headline to change first.
If you are selling
You still have leverage, but only if you price it right and do not let the home get stale. Clean, correct, and competitive is still getting the job done in this market.
Personal note
I work these numbers every month. Headlines rarely tell the truth - the data does. If you want straight answers for your situation, ask someone who actually studies this market, not someone guessing over coffee. 
#NorthKona #HawaiiRealEstate #HousingMarket #KonaHomes #BigIslandRealEstate #MarketUpdate #HomePrices #Inventory #SellersMarket
Comments(1)