November 2025 Market Report for Maui

The U.S. existing home-sales increased 1.2% month-over-month and 1.7% year-over-year to a seasonally adjusted annual rate of approximately 4.1 million units, according to the National Association of REALTORS® (NAR). While regional activity was mixed, the broader trend points to improving buyer engagement and market stability, a positive signal as we head toward year-end and one that continues to support long-term confidence in markets like Maui.

Maui Real Estate Market Highlights – November 2025

According to the Realtors® Association of Maui’s MLS data, Maui’s housing market continued to soften in November, marked by declining sales and prices alongside rising inventory. Maui Now

New Listings and Pending Sales

• Single Family Homes:

  • New listings increased ~9.5% year‑over‑year.

  • Closed sales declined 22.2% compared to November 2024 (49 vs. 63 sales). mauinews.com+1

• Condominiums:

  • New listings grew ~14.9% year‑over‑year.

  • Closed sales dropped 5.7% compared to November 2024 (50 vs. 53 sales). Maui Now

  Pending sales reportedly eased for both segments, with single‑family pending sales down and condo pending also lower.

Inventory Trends

• Inventory continued to expand:

  • Single‑family and condo inventories both rose more than ~22–23% year‑over‑year.

  • Months supply of inventory increased sharply — especially for condos — reflecting a slower market absorption.

Pricing Shifts

• Median Sales Prices continued downward pressure:

  • Single‑family homes:$1,150,000, down 11.5% YoY.

  • condominiums:$595,000, down 19.0% YoY. Maui Now

  • The condo median reached its lowest point yet in 2025, reflecting broader softening and heightened supply, particularly in segments affected by regulatory uncertainty.

Days on Market

• Homes and condos both spent more time on market:

  • Median Days on Market averaged 153 days, signaling a slowdown in buyer urgency compared to prior months. Maui Now

What This Means for Buyers and Sellers in Maui

• For Buyers:
  • Increased inventory and slower sales pace create more opportunities and negotiating leverage.
  • Condo price declines and longer DOM may present attractive entry points — particularly for investment buyers. mauinews.com

• For Sellers:
  • Higher inventory and longer marketing times mean pricing strategy and presentation are more critical.
  • Properly priced homes are still selling, but overly aggressive pricing risks extended time on market. Maui Now

• For Investors:
  • Condos face continued pricing pressure and slower turnover, reflecting broader market rebalancing.
  • Single‑family homes remain attractive for long‑term equity — especially in stable neighborhoods with strong fundamentals.

Final Takeaway

Maui’s housing market in November 2025 reflected a continued cooling trend with fewer transactions, falling prices, rising inventory, and slower absorption — especially in the condo segment. Buyers are gaining leverage, while sellers need refined strategies to compete in the evolving landscape.

As we enter the traditionally busier holiday and early winter seasons, market watchers should continue monitoring how inventory conditions and broader economic factors shape island real estate dynamics.

All data from the REALTORS® Association of Maui, Inc. Report © 2025 ShowingTime.

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