On Maui, the real estate market has shown significant activity. New listings for single-family homes surged by 33.3%, while condominium homes saw a modest increase of 0.7%. However, pending sales presented a mixed picture, with a 3.2% rise for single-family homes but a notable decline of 35.8% for condominium homes.

Inventory levels have expanded considerably, with a 54.3% increase for single-family homes and a striking 138.5% rise for condominium homes. This growth in inventory offers more options for potential buyers in the Maui market.

The median sales price for single-family homes on Maui climbed by 16.9% to $1,300,000, reflecting strong demand and limited supply in this segment. Conversely, the median sales price for condominium homes decreased by 19.7% to $715,000, indicating potential shifts in buyer preferences or market dynamics.

Days on the market have increased, with single-family homes experiencing a 29.2% rise and condominium homes a slight 1.6% increase, suggesting that properties are taking longer to sell compared to previous periods.

Overall, while the national market shows a 3.4% month-over-month and 2.9% year-over-year increase in existing-home sales, Maui’s market dynamics highlight unique trends, particularly in inventory and pricing, that are shaping the local real estate landscape.