What the Numbers Show

• Single-family closed sales: 64 · up 3.2% from August 2025
• Single-family median price: $1,200,000 · down 7.9%
• Single-family average price: $1,467,570 · down 21.6%
• Single-family days on market: 128 · down 6.6%
• Single-family inventory: 473 active · 8.1 months supply, unchanged
• Condominium closed sales: 68 · up 19.3%
• Condominium median price: $564,950 · down 13.1%
• Condominium average price: $893,388 · down 21.9%
• Condominium days on market: 171 · up 1.8%
• Condominium inventory: 839 active · 12.2 months supply, down 19.7%
• All properties combined: 139 closings · up 8.6% · median $897,500

What Is Moving

Volume rose on both sides of the market. Combined closings reached 139, up 8.6% from August 2025, and year-to-date closings stand at 1,113 against 1,035 a year ago.

Condominiums carried most of that gain. Sixty-eight condominiums closed in August, up 19.3%, bringing the year-to-date count to 546 against 466 last year. Single-family closings reached 64, up 3.2%, with 485 year to date.

Kīhei accounted for 27 of the 68 condominium closings, at a median of $513,500. Napili, Kahana and Honokowai together added 15 at a $500,000 median. Kahului led single-family with 13 closings at a $1,100,000 median.

What Is Sitting

Median prices moved down in both segments. The single-family median came in at $1,200,000, down 7.9%, and the condominium median at $564,950, down 13.1%.

Average prices fell further than medians in both cases, single-family by 21.6% and condominium by 21.9%. A gap that wide between median and average generally reflects a change in the mix of what sold rather than broad price movement.

The region detail supports that reading. Kapalua recorded no single-family closings in August against two a year ago, and Wailea and Mākena recorded two against two. Fewer closings at the upper end pull an average down while leaving the middle sale closer to where it was.

Sellers are meeting the market. Single-family properties received 96.9% of list price, up 2.1%, and condominiums 94.2%.

Inventory and Absorption

Active inventory finished August at 1,533 properties across all types, up 0.5% from a year ago. Single-family inventory rose 4.4% to 473 active listings. Condominium inventory fell 3.6% to 839.

Months supply tells a different story in each segment. Single-family held flat at 8.1 months. Condominium supply fell 19.7%, from 15.2 months to 12.2.

That condominium decline came from the sales side rather than the listing side. Inventory fell only 3.6% while closings rose 19.3%, so the same pool of listings is being absorbed at a faster pace. New listings were down 11.9% for condominiums and 10.3% for single-family homes.

Wailea and Mākena

Wailea and Mākena recorded two single-family closings in August, at a median of $5,600,000 and $11,200,000 in total volume. The same month last year recorded two closings at a $3,322,500 median.

Six condominiums closed in the area, at a median of $1,422,500 and $9,399,000 in volume. July recorded eight condominium closings at a $3,750,000 median, and August 2025 recorded five at $4,800,000.

Monthly counts this small move sharply on the strength of one or two transactions. A single closing at either end of the range shifts the median more than any trend would.

National Context

U.S. existing-home sales edged down 1.7% from the previous month to a seasonally adjusted annual rate of 4.06 million units, according to the National Association of REALTORS®.

Sales increased in the Northeast, held steady in the West, and declined in the Midwest and South. Year over year, sales rose in the Midwest and West while remaining flat in the Northeast and South.

The national median existing-home sales price climbed to $431,400, with inventory at a 4.6-month supply. Year-to-date sales nationally are up 2.4%.

Jolanta’s Feedback

The figure I keep going back to is 79 pending condominium sales. Pending means a contract is signed and the closing has not yet happened, which makes it the part of this report describing right now rather than sixty days ago.

Alongside it sits condominium months supply at 12.2, down from 15.2. Supply falling while inventory barely moved means buyers are working through what is already listed.

The Kīhei number is the one I feel on the ground. Twenty-seven condominium closings in one town in one month is a great deal of paperwork, a great many inspections, and a great many people who decided this was their year.

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