What the Numbers Show

• Single-family closed sales: 78 · up 16.4% from June 2025
• Single-family median price: $1,356,975 · up 4.4% year-over-year
• Single-family average price: $1,845,319 · down 15.7%
• Single-family days on market: 133 · down 7.6%
• Single-family inventory: 468 active · 8.1 months supply (-1.2%)
• Single-family new listings: 115 · up 27.8%
• Single-family pending sales: 68 · up 41.7%
• Single-family list price received: 95.8%
• Condo closed sales: 88 · up 51.7% from June 2025
• Condo median price: $625,000 · down 8.8% year-over-year
• Condo average price: $854,052 · down 33.2%
• Condo days on market: 172 · up 41.0%
• Condo inventory: 923 active · 14.2 months supply (-11.3%)
• Condo new listings: 160 · up 22.1%
• Condo pending sales: 78 · up 59.2%
• Condo list price received: 93.5%
• Land closed sales: 12 · median $309,000
• All properties combined: 178 closed (+29.9%) · median $895,000 · 11.8 months supply

What Is Moving

Almost everything. Combined closings rose 29.9% to 178 — the strongest month of the year.
Single-family closings climbed 16.4% to 78, matching March’s peak, and the year-to-date
count now stands at 364, up 4.3%. Condos delivered the headline: 88 closings, up 51.7%,
exactly the conversion the May pending surge pointed toward. And the pipeline is still building
— pending sales rose 41.7% for single-family and 59.2% for condos, the largest gains of the
year in both segments. Sellers noticed: new listings jumped 27.8% for homes and 22.1% for
condos, the first meaningful supply response in months. Wailuku led single-family with 16
closings at a $1,060,000 median, followed by Makawao/Olinda/Haliimaile with 11 at
$1,363,950. Kihei led condos with 33 closings at a $600,000 median, with
Napili/Kahana/Honokowai adding 19 at $450,000 and Ka‘anapali 11 at $1,350,000.

What Is Sitting

Less than before — but the price story needs its usual care. The single-family median rose
4.4% to $1,356,975, the first year-over-year increase since January. One month is not a trend,
but paired with a 16.4% gain in closings, it is a firmer data point than the spring produced. The
condo median of $625,000, down 8.8%, is a milder decline than May’s 21.7%, and again the
mix explains much of it: 33 of 88 closings came from Kihei at $600,000 and 19 from
Napili/Kahana/Honokowai at $450,000 — heavy volume at the accessible end of the market.
The condo average falling 33.2% against a median down only 8.8% confirms the same shift:
activity concentrated below the resort tier. Condo days on market rose 41% to 172, which
reads less like weakness and more like clearing — older inventory that sat through 2025 finally
finding its buyer. List price received: 95.8% for single-family, 93.5% for condos. Sellers are
negotiating, and buyers are showing up to negotiate with.

Inventory and Absorption

The absorption story strengthened again. Condo months supply fell 11.3% to 14.2 — its third
consecutive year-over-year decline, and the steepest yet. Single-family months supply eased
1.2% to 8.1, its second straight decline. What makes June notable is that supply kept
tightening even as new listings surged — 115 single-family and 160 condo listings entered the
market, and demand absorbed the increase. Total inventory stands at 1,598 properties, up
just 2.7%, with combined months supply at 11.8, down 6.3%. The surplus that defined 2024
and 2025 is being worked down from both directions: more closings, and inventory growth
near zero.

Wailea & Mākena

Activity picked up. Single-family: 2 closings at a $2,975,000 median with $5,950,000 in
volume; year-to-date, 15 closings — more than double the 7 recorded at this point in 2025 —
at a $2,780,000 YTD median. Condominium: 6 closings at a $2,757,500 median with
$15,825,000 in volume, bringing the YTD count to 41 closings at a $1,995,000 median and
$118.1 million in total volume. The YTD medians remain below 2025 levels, which continues to
reflect the mix — the market’s center of gravity has moved into the $2M–$4M core range —
while Wailea/Mākena continues to carry more dollar volume than any other sub-market on the
island.

National Context

U.S. existing-home sales rose 3.2% both month-over-month and year-over-year to a
seasonally adjusted annual rate of 4.17 million, the highest level since December 2025,
according to NAR. National inventory reached 1.55 million homes, a 4.5-month supply, and
the median existing-home price climbed to $429,300 — an all-time high for the month of
June, up 1.3% from a year earlier. The national market and Maui moved in the same direction
in June, a rarity this cycle, though the scales differ: 11.8 months of combined supply here
against 4.5 nationally, shaped by island supply constraints, resort demand cycles, and the Bill
9 regulatory environment.

Jolanta’s Feedback

Last month I asked whether May’s pending surge would convert into June and July closings.
June answered: 88 condo closings, the most in a year, and the strongest combined month of
2026. What strikes me most is the shape of it — buyers absorbed a wave of new listings
without supply piling up, sellers who had waited on the sidelines came back to the market,
and the single-family median posted its first annual gain since January. This is what the early
stage of a market finding its footing looks like in the data: volume returns first, at the
accessible end, before anything else. July’s report will show whether the second half opens
with the same energy. I will be watching the pending numbers, as always — they told the truth
this time.

Source: REALTORS® Association of Maui MLS resale data. Deemed reliable but not guaranteed. For general information only — not an appraisal, forecast, or investment advice.