What’s Driving Inventory Shifts in Maui Right Now?

If you’ve been watching Maui real estate lately, you’ve probably noticed something: inventory is up—big time. But the reasons behind it? That’s where it gets interesting.

Let’s start with the numbers from May 2025. Compared to this time last year, single-family home inventory is up 38.5%. Condo inventory? Up 37.8%. That’s a significant shift in a market that’s historically been tight on supply.

So, what’s causing this?

First, market uncertainty. With rising insurance costs, ongoing conversations around short-term rental regulations, and affordability challenges, some potential buyers are hitting pause. Fewer offers means more properties stay on the market longer, adding to the available inventory.

Second, longer days on market. Single-family homes now average 145 days on market. Condos? 138 days. That’s up over 38% for both categories. Sellers aren’t pulling listings as fast, and more homes are stacking up.

Third, pricing mismatches. While median prices have held fairly steady for homes (up just 0.4% to $1.3M) and dipped for condos (down 10.3% to $762,500), many sellers are still pricing for yesterday’s market. Buyers, meanwhile, are being more selective.

The result? A growing gap between what's listed and what's moving.

But this isn’t a panic moment. It’s a recalibration. More inventory can mean more opportunity—especially for buyers who were previously priced out or waiting for the right moment to jump in.

If you’re thinking about entering the market—as a buyer or a seller—understanding the inventory story is crucial.

Have questions about timing, strategy, or what this means for your real estate goals?
📞 Benjamin Finnerty, Realtor®
The 808 Team | Keller Williams Realty Maui
📧 benjamin@the808team.com
📱 (808) 481-9748
🌐 benjamin.the808team.com

Let’s connect and make a smart move.