What the Numbers Show

• Single-family closed sales: 46 · down 4.2% from February 2025
• Single-family median price: $1,250,000 · down 10.4% year-over-year
• Single-family average price: $1,367,394 · down 27.6%
• Single-family days on market: 156 · up 23.8%
• Single-family inventory: 448 active · 7.7 months supply (+4.1%)
• Single-family pending sales: 70 · up 22.8% year-over-year
• Condo closed sales: 64 · up 25.5% from February 2025
• Condo median price: $847,500 · down 11.7% year-over-year
• Condo average price: $1,150,544 · down 15.8%
• Condo days on market: 138 · up 5.3%
• Condo inventory: 916 active · 14.9 months supply (+0.7%)
• Condo pending sales: 88 · up 63.0% — the strongest demand signal in months
• Land closed sales: 12 · median $1,041,000
• All properties combined: 122 closed (+11.9%) · median $992,500 · 11.9 months supply

What Is Moving

Kihei dominated condominium volume with 19 sales at a median of $695,000 — up from 12 in January. Napili/Kahana/Honokowai added 10 condo closings at a median of $590,000. On the single-family side, Kihei led with 8 sales at a median of $1,225,000, followed by Kahului and Wailuku each with 7 sales. The overall closed sales increase of 11.9% island-wide — combined with pending sales up strongly in both segments — points to a market gaining traction.

What Is Sitting

The single-family median pulling back 10.4% year-over-year reflects the mix of what closed: fewer high-price sales compared to February 2025, when that month's median was $1,395,319. With 156 average days on market, single-family homes are taking longer to close than at any comparable point in the past two years. Sellers pricing above current absorption are waiting — and that wait is getting longer, not shorter.

Inventory and Absorption

Supply growth slowed. Single-family inventory rose 4.4% to 448 active listings, with months supply up 4.1% to 7.7. Condominium inventory rose 7.5% to 916, and months supply rose just 0.7% to 14.9 — down from January’s 17.9% increase.

New listings pulled back on both sides. Single-family sellers brought 80 properties to market, down 20.0%, and condominium new listings fell 7.6% to 133. Fewer sellers are entering while pending contracts climb in both segments.

Combined inventory stands at 1,568 properties, up 6.0%, at 11.9 months supply. The surplus is still growing, at a slower rate than a month ago.

Wailea & Mākena

No single-family sales closed in Wailea/Mākena this month, but the condo segment more than made up for it: 13 closings at a median of $2,650,000, the strongest luxury condo month of the year so far. Land saw 2 sales at a median of $4,600,000. The pending sales pipeline in the luxury corridor — reflected in the 63% condo pending surge island-wide — suggests March closings will tell a different story for single-family as well.

National Context

U.S. existing-home sales declined 8.4% to a seasonally adjusted annual rate of 3.91 million, 4.4% below one year earlier, according to NAR. Sales retreated month-over-month and year-over-year in all four regions.

The national median existing-home price rose 0.9% year-over-year to $396,800, a new high for the month. Total housing inventory stood at 1.22 million units, up 3.4% from a year earlier, representing a 3.7-month supply.

Maui moved opposite the national market in February — combined closings rose 11.9% here while national sales fell. The scales differ as well: 11.9 months of combined supply against 3.7 nationally, shaped by island supply constraints, resort demand cycles, and the Bill 9 regulatory environment.

Jolanta's Feedback

That condo pending number — up 63% — is the real story this month. Buyers who spent the back half of 2025 watching are starting to move. The closed sales increase of 11.9% island-wide confirms it. The single-family median dip is real but partly reflects mix: the big January luxury closings didn't repeat in February. I'm watching the pending pipeline closely — what signed in February closes in March and April.

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