What the Numbers Show

• Single-family closed sales: 52 · down 11.9% from January 2025
• Single-family median price: $1,445,000 · up 20.4% year-over-year
• Single-family average price: $1,934,139 · up 34.2%
• Single-family days on market: 186 · up 53.7%
• Single-family inventory: 457 active · 7.9 months supply (+11.3%)
• Single-family pending sales: 73 · up 55.3% — the strongest pipeline signal in months
• Condo closed sales: 44 · down 20.0% from January 2025
• Condo median price: $629,950 · down 6.7% year-over-year
• Condo average price: $926,475 · down 11.2%
• Condo days on market: 166 · up 20.3%
• Condo inventory: 923 active · 15.8 months supply (+17.9%)
• Land closed sales: 12 · median $700,000
• All properties combined: 108 closed · median $987,500 · 12.4 months supply

What Is Moving

Kihei led single-family activity with 10 sales at a median of $1,382,500 — the most active area on island. Makawao/Olinda/Haliimaile posted 8 sales at a median of $1,592,500, the highest single-family volume in upcountry. Lahaina logged 6 land sales at a median of $655,000, the most active land market this month. Pending sales across both segments are up — the pipeline heading into spring is building.

What Is Sitting

Condominiums remain a buyer's market. At 15.8 months supply and 166 average days on market, sellers are competing against 923 active listings for 44 monthly closings. Kihei condos — the island's highest-volume condo market — saw a median of $504,500 in January, down 25.3% from a year ago. Properties priced above current absorption are waiting. Many have been waiting for months.

Wailea & Mākena

Four single-family sales closed at a median of $2,737,500 — Wailea/Mākena had zero single-family closings in January 2025, so the activity is real and notable. Six condominiums closed at a median of $1,572,500, compared to $3,600,000 in January 2025 — a shift that reflects mix of units sold, not straight depreciation. One land parcel transacted at $1,025,000. The luxury corridor is moving selectively, and well-positioned listings at current market prices are finding buyers.

Jolanta's Feedback

The single-family median jumping 20% in one month is real but reflects which properties happened to close — including some higher-end sales. What I'm watching is that pending sales number: 73 accepted contracts in January tells me motivated buyers are out there. The condo market is a different conversation. If you're a condo seller, we need to talk honestly about where your property sits relative to 923 active listings competing for 44 monthly closings.