Maui June Condo Sales Jump 51.7% as Single-Family Deals Rise 16.4%

Q: As Maui's tourism booms, why are condo prices falling despite a surge in sales?

Maui condo prices are falling because sales are rising in a buyer’s market, not a tight one. The key issue is excess supply: inventory has climbed sharply, with Maui condo supply reported around 15 months islandwide and more than 20 months in West Maui, far above a balanced market. That gives buyers leverage to negotiate lower prices even as more deals close. The sales surge reflects opportunity, not broad pricing strength. REALTORS Association of Maui data show condo sales jumped 51.7% in May 2026, but the median price fell 8.8% to $625,000 and time on market rose 41% to 172 days. That pattern usually signals sellers cutting prices to meet cautious buyers. Tourism is helping some parts of the market, but not all condos equally. Strong visitor spending supports hotel-zoned vacation-rental properties, which face less regulatory risk and can still command premiums. But Maui’s condo market is highly segmented, and many apartment-zoned units are under pressure from uncertainty around short-term rental rules, especially Bill 9 and related zoning changes. That uncertainty reduces what buyers are willing to pay. Higher ownership costs are also weighing on values. Insurance premiums have risen sharply after the Maui wildfires, and buyers are factoring in larger monthly costs, special assessments, and climate risk. So the tourism boom is boosting activity, but it is not enough to offset oversupply, regulatory uncertainty, and rising carrying costs across the broader condo market.

1 articles · Updated · Maui Now · Jul 14

88 Maui condos and 78 single-family homes changed hands in June, marking year-over-year sales gains of 51.7% and 16.4%, respectively.
Prices moved in opposite directions: the median single-family sale price rose 4.4% to $1,356,975, while the median condo price fell 8.8% to $625,000.
133 days was the median time on market for single-family homes, down 7.6%, while condos took 172 days to sell, up 41.0% from a year earlier.
$143.9 million in single-family dollar volume slipped 1.9%, compared with a 1.3% rise in condo volume to $75.2 million, suggesting more transactions but mixed pricing momentum.
The REALTORS Association of Maui said the June data points to active buyers and a larger pool of listings giving shoppers more choice and time.