Hawaii’s Real Estate Market Shows Increased Inventory in July 2026
Hawaii’s housing market experienced a notable increase in supply this month, with more homes coming onto the market across the islands. This shift is providing buyers with more options and potentially greater negotiating power, particularly in the mid-price range.
Stock Surge Signals Market Cooling
According to the latest data from the Hawaii Association of Realtors (HAR), statewide active listings rose significantly between mid-June and mid-July 2026.
- Oahu saw the largest increase, with active listings climbing to approximately 1,850 (up from 1,520 the prior period).
- Maui added around 340 new properties to inventory.
- Big Island (Hawai‘i) listings increased about 18% to roughly 920 homes.
- Kauai inventory rose around 15%.
Prices and Regional Breakdown
Median prices showed modest softening in some areas amid the higher supply:
- On the Big Island, the median price dipped approximately 3% to around $685,000.
- On Kauai, median prices eased about 2.5% to roughly $925,000.
Sellers are responding to slower demand with incentives such as closing cost credits (reported up to $8,000 in some cases) to help close deals.
Supply and Demand Dynamics
- Days on market across Hawaii increased (specific statewide figures vary by island but reflect a broader cooling trend).
- First-time buyer inquiries dropped notably compared to the same period in 2025.
- Investor transactions as a share of sales declined to around 19% from 27% in the previous quarter.
The increased supply is giving buyers more leverage, especially for mid-tier homes priced between $600,000 and $900,000, where competition has eased.