10/28/2025
As we move through October, the real estate market is showing new signs of strength — both nationally and here in Hawai‘i.
According to the National Association of Realtors, home sales rose 1.5% in September to an annualized rate of 4.06 million units — the highest pace in seven months. Mortgage rates are dropping again, and that’s helping both buyers and sellers regain confidence.
Key Highlights:
• 30-year fixed mortgage rate: Down from 6.67% in July to 6.17% now — the lowest in months.
• Inventory: Up 14% year-over-year, showing more options for buyers, though still below pre-pandemic levels.
• Median home price: $415,200, up 2.1% year-over-year, marking the 27th consecutive month of price growth.
• Luxury market: Homes above $1 million saw a 20% jump in sales compared to last year.
• First-time buyers: Making progress — now they are 30% of all home sales, up from 26% last year.
Even though prices continue to climb, more inventory and falling rates are creating a healthier, more balanced market— especially for buyers who have been waiting for a the right opportunity.
My opinion on Investing in Hawaii:
Hawai‘i remains one of the most resilient and desirable real estate markets in the world.
Limited land, strong demand, and lifestyle value make it a place where real estate continues to hold and grow in value — even through fluctuations.
Lower mortgage rates are also helping open doors for investors who had paused their plans earlier this year. While entry prices are still high, long-term investments, lifestyle purchases, and quality rentals continue to perform well.