Stuck or Strategic? Why Many Hawai‘i Homeowners Are Staying Put
- Nichole Ehrbar
- Oct 22
- 1 min read
Many local homeowners are holding tight to their homes — and it’s easy to see why. Those who locked in low 3–4% mortgage rates during the pandemic aren’t eager to give them up for today’s mid-6% rates.
This “golden handcuffs” effect is keeping inventory low across the islands. Homes that would normally come back on the market are staying off, making it harder for new buyers to find options and keeping prices steady.
Here in Hawai‘i, that means fewer listings, strong demand, and a slower pace of new inventory — especially in desirable neighborhoods where long-time owners are staying put. It’s a pattern we’re seeing from Hilo to Kona and across the state.
It’s not about people not wanting to move — it’s about protecting what they’ve built. That low rate is part of their stability, and giving it up can mean a much higher monthly payment.
So what does this mean for buyers?
It means patience and preparation are key. With fewer homes available, the best opportunities often go quickly — so being pre-approved and ready to move when the right property hits the market can make all the difference. It also means focusing on value, not just price, and being open to exploring different areas or property types.
Until rates drop again, we’ll continue to see tight inventory — but motivated buyers who stay alert and well-positioned will still find great opportunities to make Hawai‘i home!
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