Maui & U.S. Housing Market Report

Latest Trends as We Head Into Summer

As we enter the heart of the year, both the Maui and national housing markets are showing signs of adjustment. Inventory is building, buyer behavior is shifting, and pricing trends reflect a more complex landscape than in recent years. Below is a breakdown of what’s happening both locally and nationally, and what it may mean for your next move.

Maui Real Estate Market

Maui’s real estate market is experiencing a slowdown in new listings but a rise in inventory across both property types. Buyer activity is mixed, and homes are generally spending more time on the market. Here’s how the numbers break down:

Single Family Homes

New Listings: down 9.9%
Pending Sales: down 16.7%
Inventory: up 38.5%
Median Sales Price: up 0.4% to $1,300,000
Days on Market: up 40.8%
Months Supply of Inventory: up 58.0%

Buyers are taking more time, and sellers are seeing increased competition with higher inventory levels. Despite these changes, prices have held steady, reflecting continued long-term demand.

Condominiums

New Listings: down 33.9%
Pending Sales: up 14.8%
Inventory: up 37.8%
Median Sales Price: down 10.3% to $762,500
Days on Market: up 38.0%
Months Supply of Inventory: up 73.0%

The condo market shows a unique trend: even with fewer new listings and more inventory, buyer activity has picked up. However, pricing has adjusted significantly from last year, and properties are spending more time on the market.

U.S. Housing Market

On the national level, existing-home sales continue to dip as higher mortgage rates and elevated prices weigh on affordability. Still, inventory has improved year-over-year, and prices continue to reach record levels.

Existing-Home Sales:
- Down 0.5% month-over-month
- Down 2.0% year-over-year
- Sales rose in the Midwest, fell in the West and Northeast, and remained unchanged in the South
- Year-over-year sales increased only in the Northeast
Inventory:
- 1.45 million units available heading into May
- Up 9.0% from the previous month
- Up 20.8% year-over-year
- Equals a 4.4-month supply at the current pace of sales
Median Existing-Home Price:
- Rose 1.8% year-over-year to $414,000
- This is the 22nd consecutive month of annual price growth
- Marks a record high for the month

What It Means for Buyers and Sellers

For Maui, sellers should be prepared for longer days on market and more competition, especially in the condo segment. Pricing correctly and preparing your property thoughtfully are more important than ever. Buyers are seeing more options and potentially more negotiating room—especially where inventory has grown.