What the Numbers Show

• Single-family closed sales: 77 · up 57.1% from March 2025
• Single-family median price: $1,200,000 · down 7.3% year-over-year
• Single-family average price: $1,489,749 · down 41.1%
• Single-family days on market: 131 · up 4.8%
• Single-family inventory: 438 active · 7.6 months supply (down 1.6%)
• Single-family new listings: 83 · down 23.9%
• Single-family pending sales: 57 · down 8.1%
• Single-family list price received: 95.6%
• Condo closed sales: 74 · up 21.3% from March 2025
• Condo median price: $675,000 · down 17.7% year-over-year
• Condo average price: $1,185,807 · down 21.4%
• Condo days on market: 149 · up 1.4%
• Condo inventory: 918 active · 15.0 months supply (up 6.4%)
• Condo new listings: 123 · down 18.5%
• Condo list price received: 93.9%
• Land closed sales: 6 · median $502,500
• All properties combined: 157 closed (+28.7%) · median $1,053,750 · 12.1 months supply

What Is Moving

Closings rose sharply across both segments while new listings dropped. Sellers listed less. Buyers closed more. Wailuku posted 16 single-family sales at a $1,012,500 median. Kihei posted 15 at $1,200,000. Kahului added 11 at $1,165,000. The workforce-housing corridor carried the volume this month. Year-to-date single-family closings now sit at 176, up 12.8% from the same point in 2025. YTD condo closings reached 183, up 9.6%. Q1 ran ahead of last year on volume despite a thinner pipeline of new inventory.

What Is Sitting

The single-family monthly median dropped because the mix shifted toward Wailuku and Kahului. The YTD median tells a different story: $1,300,000, essentially flat year-over-year at +0.4%. The condo side is the opposite. YTD condo median is $699,000, down 12.1%. Nine consecutive months of negative year-over-year median change. The average price drops are steeper than the median drops, which points to fewer ultra-luxury closings rather than broad weakness in the middle of the condo market. List price received fell to 93.9% on condos. Sellers are accepting more concessions than they were a year ago.

Inventory and Absorption

Single-family inventory dropped 1.6% year-over-year. The first monthly decline after a long stretch of growth. Months supply at 7.6 sits below the prior year's 7.8. The single-family side is moving toward balance. Condo inventory is up 6.4% year-over-year at 918 units, with months supply at 15.0. The condo side remains heavily supplied. Two segments. No longer one story.

Wailea & Mākena

Single-family: 5 closings in March at a $2,780,000 median, $17,240,000 in volume. Year-to-date: 9 closings, up from 4 a year ago. Condominium: 9 closings at a $1,900,000 median, $33,709,000 in volume. Year-to-date: 28 closings, up 16.7%, with a YTD median of $1,985,000. The luxury condo segment in Wailea/Mākena is the most active sub-market on the island by dollar volume. Branded residences and resort condos continue to absorb capital that would historically have moved into single-family.

National Context

U.S. existing-home sales rose 1.7% month-over-month to a seasonally adjusted annual rate of 4.09 million, helped by lower mortgage rates, according to NAR. Monthly sales increased in the Midwest, South and West, and decreased in the Northeast.

National inventory grew to 1.29 million units heading into March, up 4.9% year-over-year and representing a 3.8-month supply. Home prices increased for the 32nd consecutive month, climbing 0.3% year-over-year to $398,000.

Maui runs on its own rhythm — 12.1 months of combined supply here against 3.8 nationally — shaped by island supply constraints, resort demand cycles, and the Bill 9 regulatory environment.

Jolanta's Feedback

Two markets running in parallel. Single-family is tightening — fewer new listings, faster absorption, stable YTD pricing. Condo is the opposite — heavy supply, longer days on market, sliding medians. Buyers in 2026 should treat them as separate decisions, not one Maui market. Wailea/Mākena luxury continues to behave on its own logic. The closings happen. The medians hold. The inventory that matters here is not measured in months supply — it is measured in which specific buildings have units available.

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