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.

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.