MARKET REPORTS

MAUI RESIDENTIAL SALES

Hawaii Island Residential Sales

Hawaiʻi Island’s housing market reflected two distinct stories in May, with single-family home activity remaining stable while the condo segment slowed considerably. Island-wide, single-family home sales totaled 180 transactions (+3% YoY), holding within recent ranges, though the median price declined 15% year over year to $467,500, the lowest level since April 2023. This activity was driven less by weakening demand and more by stronger activity in attainable East Hawaiʻi markets, led by Pāhoa with 42 sales (+62% YoY) at a $375,000 median (+30% YoY), alongside Hilo and Volcano, each posting 14 sales at median prices of $535,000 (-12% YoY) and $350,000 (-13% YoY), respectively. Together, these markets helped pull the island-wide median lower while days on market improved to 29 days, reflecting quicker movement in key submarkets.

Conversely, the condo market showed a slower pace, with median days on market climbing to 84 days, the longest since January 2018, alongside a sharp decline in the island-wide median price to $479,000 (-41% YoY). Much of this trend was concentrated in Kailua-Kona, where softer pricing and longer marketing times heavily influenced island-wide metrics. Waikoloa reinforced the softer condo pricing trend, posting a $395,000 median (-54% YoY) alongside longer days on market. One notable counterpoint came from Kamuela’s luxury condo market, where 7 sales produced a $4.27 million median (+83% YoY) and faster movement, illustrating how smaller datasets can create sharp localized contrasts. Despite softer condo conditions, total sales across both segments remained broadly in line with recent market activity, highlighting a market shaped more by regional and price-point mix than by a broad decline in demand.

Oahu Residential Sales

Oʻahu’s housing market remained notably stable and consistent in May, with single-family home sales totaling 260 transactions (-9% YoY) and condo sales reaching 359 (-3% YoY), reflecting activity levels largely in line with recent months. Median pricing also held steady across both segments, with single-family homes at $1,155,000 (+1% YoY) and condos at $529,000 (+6% YoY), reinforcing a market defined more by balance than by significant shifts. Days on market remained relatively low, with single-family homes dropping to just 13 days (-32% YoY) and condos at 39 days (+11% YoY), highlighting continued buyer engagement despite a slightly more measured pace in the condo segment. 

Kauai Residential Sales

Kauaʻi’s housing market gained momentum in May, with activity increasing across both major segments as the market moved toward the summer season. Single-family home sales surged to 37 transactions (+95% YoY), matching the stronger pace seen in late 2025, while the median price climbed to $1,550,000 (+40% YoY), approaching recent highs. At the same time, median days on market declined to 29 days, a notable improvement from earlier in the year, reflecting faster buyer decision-making and stronger market engagement. Regionally, Kapaʻa / Kawaihau led single-family activity with 13 sales (+225% YoY), helping drive island-wide momentum. The condo market showed similar strength, with 22 sales (-4% YoY) and median days on market improving to 32 days (-43% YoY), signaling a more active environment heading into summer.

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.