MARKET REPORTS

MAUI RESIDENTIAL SALES

Hawaii Island Residential Sales

Hawaiʻi Island’s housing market reflected a typical seasonal slowdown in September as activity eased heading into the final months of the year. Single-family home sales totaled 135 (-22% YoY), while the median price declined 15% to $499,000. Condo activity also moderated, with 32 sales (-35% YoY) and a $604,500 median (-6%). Despite fewer transactions, single-family homes moved more quickly than a year ago, with median days on market improving to 37 days from 49, highlighting continued buyer activity within select areas and price points.

Regionally, the single-family market showed considerable variation. Puna remained the island’s primary volume driver with 67 sales (+3% YoY)—nearly half of all September transactions—and its median increased 8% to $399,000. Kaʻū also increased to 13 sales (+30%), while activity slowed considerably in higher-priced West Hawaiʻi: North Kona recorded 20 sales (-43%) and South Kohala 15 (-25%). That shift in the geographic mix of sales likely contributed to the lower island-wide median. Condo activity followed a similar pattern, with North Kona recording 18 sales (-40%) and South Kohala 10 (-33%), together accounting for nearly 90% of all condo transactions. With relatively small transaction counts and meaningful differences between districts, September’s island-wide figures continue to reflect Hawaiʻi Island’s highly localized market dynamics.

Oahu Residential Sales

Oʻahu’s housing market closed September with a notable increase in single-family home activity, while the condo market remained within recent ranges. Single-family sales reached 304 (+7% YoY), the highest monthly total since August 2022, while the median price declined 5% to $1.1 million—the lowest of 2026. Condo activity was comparatively steady, with 387 sales and a $525,000 median price, while median days on market remained within recent ranges for both segments. With borrowing costs recently moving higher, the coming months will provide a clearer picture of how buyers respond as Oʻahu enters the final quarter of the year.

Kauai Residential Sales

Kauaʻi’s housing market slowed notably in September, with single-family home sales falling to 18 (-50% YoY), the lowest monthly total since January, while the median price increased 9% to $1.49 million. The slowdown was also reflected in market pace, as single-family median days on market climbed to 76.5 days (+82% YoY), a significant increase from levels seen through much of 2026. Condo activity was even more limited, with just six sales (-65% YoY), an 18-year low, and a median price of $726,500 (-11%). Recent weather during what has been an active hurricane season may have contributed to September’s reduced activity, along with rising mortgage rates. The remainder of the year will provide a clearer indication of how the market responds as conditions evolve.

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.