March 2025 Market Updates for Maui

U.S. existing-home sales rebounded from the previous month, rising 4.2% to a seasonally adjusted annual rate of 4.26 million units, according to the National Association of REALTORS® (NAR). Economists polled by Reuters had forecast sales would fall to a rate of 3.95 million for the month. Purchase activity increased in the South and the West but decreased in the Northeast, while sales in the Midwest remained unchanged from one month earlier.

New Listings decreased 0.9 percent for Single Family homes and 15.3 percent for Condominium homes. Pending Sales decreased 5.8 percent for Single Family homes and 2.5 percent for Condominium homes. Inventory increased 54.8 percent for Single Family homes and 72.1 percent for Condominium homes.

Median Sales Price decreased 0.3 percent to $1,295,000 for Single Family homes and 36.8 percent to $822,500 for Condominium homes. Days on Market decreased 17.8 percent for Single Family homes but increased 70.6 percent for Condominium homes. Months Supply of Inventory increased 70.5 percent for Single Family homes and 131.3 percent for Condominium homes.

Heading into March there were 1.24 million properties for sale, a 5.1% increase from the previous month and a 17% jump from one year ago, for a 3.5-month supply at the current sales pace, according to NAR. While mortgage rates have remained in the mid-to-high 6% range, the additional supply appears to have helped bring some buyers out of the woodwork, even as sales prices continue to rise nationwide.

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

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