MARKET REPORTS

MAUI RESIDENTIAL SALES

Hawaii Island Residential Sales

The Hawaiʻi Island real estate market remained steady in November, with total residential sales reaching 184 transactions (up 7% year-over-year), while the island-wide median sales price settled at $498,500, down 9% compared to last year. This divergence between improving sales activity and softening prices reflects a market where buyers are becoming more engaged, while maintaining strong price sensitivity. With mortgage rates still lower than mid-year highs following the Federal Reserve’s September rate cuts, buyer interest appears cautiously improving, though price sensitivity and location continue to shape activity patterns as the winter season approaches.

Oahu Residential Sales

Oʻahu’s housing market maintained steady momentum in November, with single-family home sales totaling 243 transactions (+16% YoY) and condominium sales reaching 335 units (+12% YoY). Pricing remained stable across both segments, with the single-family median holding at $1,100,000 (no change from November 2024) and the condominium median at $495,000 (-5% YoY), reflecting active buyer engagement without broad price acceleration. Sellers continued to achieve strong outcomes, with homes and condos selling at 98–99% of list price on average and roughly 12–31% of properties closing above asking, underscoring continued competition for well-priced inventory. Median days on market ranged from approximately 26 days for single-family homes to 35 days for condos, signaling relatively efficient absorption for the winter season.

Kauai Residential Sales

Overall, Kauaʻi’s housing market showed renewed activity in November, with total sales reaching 40 transactions (an 82% increase year-over-year), signaling improved buyer engagement as the island moved closer to peak holiday season. The median sales price settled at $1,072,500, down 23% from last year, reflecting a market that is seeing more deal flow while prices recalibrate from previous highs. Single-family homes led the momentum, driving the bulk of the volume uptick, while condo sales also increased 22% year-over-year to 22 sales. Despite higher transaction counts, condo pricing continued to soften, with the median price at $702,500, down 30% compared to last November, underscoring continued price sensitivity in the investor-driven segment.

Hawaii Market Update

In this report you will find 2024 year to date sales trends across the Hawaiian Islands, including our latest luxury listings!

Hawaii Market Update

With 2023 officially in the books, a word best used to summarize the overall Hawaii real estate market might be “resilience.” Despite many headwinds that led to softening consumer confidence and growing concerns about affordability across the islands, median prices held strong, properties continued to sell, and fears of a larger economic recession waned as the year progressed.

Now, as we head into the new year with mortgage interest rates on the decline, be on the lookout as 2024 is poised to present a variety of opportunities for both buyers and sellers.

Hawaii Market Update

As we cross the midpoint of 2023, the Hawaii real estate landscape continues to adapt to higher mortgage interest rates and tighter inventory levels. While the year started off sluggish due to a spike in mortgage interest rates that edged out many prospective buyers, the market has since shown signs of rebounding. 

With so few homes for sale across the islands, sellers remain in control of the market. However, properties that are priced too high or do not present well are seeing an increase in days on market. 

Hawaii Market Update

After the pandemic year of 2020 and the record-setting rebound market of 2021, the past twelve months brought a much-anticipated correction to a red-hot housing market in 2022. For those looking to purchase property in the year ahead, it is important to not get distracted by the big numbers reported every month. In every real estate market, there are opportunities. By understanding the local nuances of each neighborhood or condo complex, having your finances in order, and staying committed to your goal, Hawaii homeownership is still achievable. 

Hawaii Market Update

As anticipated, Hawai’i’s real estate market has returned to
“pre-pandemic” levels as sales activity has resumed a more
moderate pace and median sales prices have retracted
from all-time highs of the last two years. Even though the
market has slowed — in part to rising mortgage interest
rates and concerns about an economic recession — a
general lack of inventory continues to favor sellers. Buyers,
however, are beginning to take back control as days on
market and the overall number of price reductions have
both increased in recent months.

Hawaii Market Update

Across the globe, the Hawaii luxury home market has consistently ranked among the premier destinations for individuals seeking the ultimate island lifestyle while maintaining access to modern conveniences, limitless activities, and privacy. In the wake of the recent COVID-19 pandemic, the Hawaii luxury home market was red hot as many flocked to the islands to embrace all Hawaii has to offer. Subsequently, between March 2020 and June 2022, there were 1,874 luxury home sales totaling $7.984 billion.

Learn more about 2022 sales trends across Maui, Hawaii Island, and Kauai, and browse all new and active listings year-to-date with this in-depth luxury summary.

Hawaii Market Update

Inventory, inventory, inventory. Across the Hawaiian Islands, the residential real estate market continues to remain extremely competitive as the lack of properties for sale has driven median sales prices for single-family homes and condos to all-time highs throughout the first quarter of 2022. Now into the fourth month of the year, the story remains the same: those looking to buy should be ready to move quickly with a strong offer, and with properties selling as fast as they come on the market, the time to sell is now.

Hawaii Market Update

Across the globe, the Hawaii luxury home market has consistently ranked among the premier destinations for individuals seeking the ultimate island lifestyle while maintaining access to modern conveniences, limitless activities, and privacy. In the wake of the recent COVID-19 pandemic, the Hawaii luxury home market was red hot as many flocked to the islands to embrace all Hawaii has to offer. Subsequently, between March 2020 and June 2022, there were 1,874 luxury home sales totaling $7.984 billion.

Learn more about 2022 sales trends across Maui, Hawaii Island, and Kauai, and browse all new and active listings year-to-date with this in-depth luxury summary.