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.

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.

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.