Recently, Maui has seen some shifts in the real estate market. New listings for single-family homes have decreased by 17.5%, while condominium listings have seen a 6.7% decline. However, there’s some positive momentum with pending sales, which have jumped by 52.1% for single-family homes and 10.6% for condos.

Inventory levels are on the rise, with a 46.3% increase for single-family homes and an impressive 206.1% for condos, giving buyers more options to choose from. Price-wise, single-family homes have experienced an 8.8% increase, reaching a median price of $1,408,287. Meanwhile, condos have seen a significant 27.1% rise, with the median price now at $990,000.

Homes are taking a bit longer to sell, with the days on market increasing by 12.4% for single-family homes and 31.1% for condos. Additionally, the months’ supply of inventory has grown—42.1% for single-family homes and an extraordinary 241.9% for condos.

In summary, while the pace of home sales has moderated, the increase in inventory offers more opportunities for potential buyers. As we continue through the year, the combination of more available homes and potential shifts in mortgage rates could lead to a dynamic market ahead. Stay tuned for more updates on Maui’s real estate trends.

Click through the links below for more comprehensive data related to Maui real estate as well as a quarterly all-island report broken out by neighborhood.