May monthly statistics update. Information courtesy of The Realtors Association of Maui.

Maui Real Estate Market Snapshot for May 2025: Inventory Increases While Sales Decline

Maui’s real estate market is undergoing a transformation as the summer approaches, with slower sales and more inventory influencing the situation for both buyers and sellers.

Changes in Market Behavior
Overall closed sales in May 2025 decreased by 26.7% for single-family homes and 16.9% for condos, according to the REALTORS® Association of Maui. Days on market, on the other hand, increased dramatically—40.8% for single-family homes and 38.0% for condos—signaling that more properties are remaining on the market for longer, allowing purchasers more time to consider their options.

Trends in Prices
Single-family home prices held steady despite a slowdown in activity. The median price remained consistent from earlier in the year, rising little to $1.3 million. The median price of condos on the market, however, dropped significantly, dropping 10.3% to $762,500. Generally speaking, sellers are getting 95.9% of the list price for single-family homes and 95.2% for condos, which is a little less than what they were asking for.

Growth in Inventory Creates New Possibilities
The increase in inventory is arguably the most noticeable trend. In order to provide potential purchasers additional options, the number of single-family and condo residences for sale increased by 38.5% and 37.8%, respectively. The months’ supply of inventory increased by 73% for condos and 58% for single-family homes, one of the biggest increases Maui has seen in years.

Implications for Both Buyers and Sellers
This is a time of more leverage for buyers. Buyers may be able to haggle over terms or price because there are more listings on the market, there is less competition, and properties take longer to sell. Proper pricing and preparation for a longer period on market are crucial for sellers.

Highlights of the Area

With 19 apartment sales averaging $780,000, Kihei is still a popular destination.

With 14 upscale condo sales averaging more than $3 million, Wailea/Makena stood out.

With 12 properties sold at a median price of $1.39 million, Wailuku had the most single-family activity.

Real estate is hyper-local as usual. Working with an experienced Maui real estate agent is the best approach to handle the present market conditions, whether you’re considering investing, selling, or purchasing.