June 6, 2025 Maui Real Estate Market Update: Inventory Climbs While Market Finds Its Balance

As we move into the heart of summer, Maui’s real estate market continues its steady transformation. This June update is based on May 2025 statistics from the REALTORS® Association of Maui, and it paints a picture of a market gradually finding its balance—supply is growing, sales activity is cooling, and both buyers and sellers are recalibrating expectations.

Let’s take a closer look at what May’s numbers reveal about Maui’s housing landscape.

🌴 May 2025 Market Snapshot

📉 Sales Activity Slows

• Single Family Homes: Closed sales were down 26.7% year-over-year. Pending sales also dropped 16.7%.

• Condos: Closed sales fell 16.9%, while pending sales saw a surprising uptick of 14.8%—possibly signaling renewed buyer confidence in the condo segment.

📈 Inventory Builds

• Single family inventory rose 38.5%, reaching a 7.9-month supply.

• Condo inventory jumped 37.8%, now at 15.4 months supply.

• These increases mark a clear shift toward a more buyer-friendly market.

💰 Price Trends Diverge

• Median price for single family homes in May: $1.3M (+0.4% YoY).

• Median condo price: $762,500, down 10.3% YoY.

• The diverging price trends indicate that while demand remains for homes, condos may be adjusting to more price-sensitive buyers.

🕒 Time on Market Continues to Rise

• Single family homes averaged 145 days on the market (+40.8% YoY).

• Condos averaged 138 days (+38% YoY).

• This slowdown gives buyers time to evaluate and negotiate more confidently.

🔍 What It Means for Maui Residents

Buyers:

• More choices and more time. The inventory boom offers flexibility and negotiating power.

• Condo deals are emerging. Especially relevant for local buyers and second-home shoppers.

Sellers:

• Preparation is everything. With longer timelines and more competition, strategic pricing and marketing are essential.

• Be ready to negotiate. Concessions and price reductions are becoming more common.

Homeowners:

• Market stability isn't gone. While sales volume is down, median home prices remain resilient.

• Now might be a good time to assess your equity or plan a future sale with market shifts in mind.

📍 Local Highlights from May 2025

• Kihei led luxury activity with over $10M in single family home sales.

• Wailuku was Maui’s most active market with 18 homes sold and a median price of $1.26M.

💬 Final Thoughts

The May stats signal a slower, more thoughtful real estate environment heading into summer. Whether you’re buying or selling, aligning your strategy with current trends will be key. Want to explore your next move or get monthly updates like this? Let’s connect.

Suggested Internal Links:

• Free Home Value Estimate

• Free First Time Home Buyer Guide

• Creative Ways Locals Are Affording Homes on Maui

External Links:

• REALTORS® Association of Maui Stats