Hawaii Real Estate Update

Maui Market Trends and Oahu Buyer Insights

Hawaii’s real estate market continues to reflect both local and global dynamics, with Maui and Oahu offering two distinct perspectives on where the market stands today. August 2025 sales figures from Maui point to a cooling market, while Oahu’s buyer data for the second quarter sheds light on who is driving demand for island properties.

Maui Market – August 2025

Maui’s housing market slowed in August, with activity tapering off compared to both last month and the same period last year.

• Single-Family Homes:
  A total of 57 single-family homes were sold in August, down nearly 15 percent from July and more than 50 percent lower than last year. The median sales price was $1,277,000, a slight 2.9 percent decrease month-over-month.
• Condominiums:
  Condo sales held steadier, with 60 transactions—unchanged from July but 6.3 percent below last year. The median price for condos was $650,000, marking a 3.7 percent decline year-over-year.
• Overall Sales Volume:
  Combined sales reached $176.6 million, with single-family homes accounting for the majority at $111.4 million.

Even with fewer transactions, demand for Maui’s most desirable neighborhoods remains. Wailea, Napili, and Wailuku led in single-family home activity, while Kihei and Lahaina continued to attract steady interest in the condo market.

Oahu Buyer Trends – Q2 2025

On Oahu, the key story isn’t just how many homes are selling but who is buying them.

• Local Buyers: Residents of Hawaii were responsible for 3,756 purchases, totaling $3.4 billion in sales.
• Mainland Buyers: California remains the top out-of-state market, with 308 purchases worth $309 million. Washington, Texas, and Nevada followed.
• International Buyers: Japan continues to be the leading source of international investment, with 84 transactions totaling $90.1 million. Canada and Korea also maintained strong interest.

This mix highlights a familiar pattern: while local buyers dominate, consistent demand from California and Japan continues to shape Oahu’s housing market, particularly in sought-after areas like Honolulu and East Oahu.

What It Means for Buyers and Sellers

For buyers, Maui’s cooling market may provide more opportunities to negotiate, especially in neighborhoods where inventory is holding. Sellers, however, should remain strategic—homes priced competitively in desirable locations are still moving.

For investors, Oahu’s data underscores the enduring appeal of Hawaii real estate to both mainland and international buyers. Properties in high-demand areas continue to attract strong competition, making them attractive long-term assets.

Final Thoughts

Hawaii’s real estate market is far from uniform. While Maui’s sales numbers suggest a period of adjustment, Oahu’s buyer data demonstrates that interest in the islands remains strong from both local and global players. Whether you’re exploring the idea of purchasing a condo in Kihei, selling a family home in Wailuku, or investing in Honolulu, keeping a close eye on market and buyer trends is essential.

If you’d like a more detailed breakdown of how these trends affect your neighborhood, we’d be happy to provide personalized insights to guide your next step in Hawaii real estate.

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