Maui Market Shift Condos Lead the Way as Single-Family Prices Cool

The February 2026 data from the Realtors Association of Maui (RAM) is in, and it tells a clear story of a market in recalibration. As we move into the second quarter of the year, we are seeing a distinct shift in buyer behavior: a pivot toward the condominium sector as single-family home prices and sales volume take a breather.

If you’ve been waiting for a "thoughtful" market—one where you have a bit more time to breathe and more inventory to choose from—this might be the window you’ve been looking for.

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Single-Family Homes: More Days on Market, Lower Entry Point

The most striking headline from the February report is the 10.4% drop in the median price for single-family homes. The median price fell to $1,250,000, down from nearly $1.4 million this time last year.

What does this mean for sellers and buyers?

• Patience is Key: The median time to sell a home has stretched to 156 days. That is a 24% increase year-over-year, suggesting that buyers are being more selective and taking their time to run the numbers.
• Inventory is Creeping Up: With 448 units on the market (a 4.4% increase), buyers finally have a bit more leverage and variety than they did during the previous year's frenzy.

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The Condo Surge: Buyers Find Their Opportunity

While the housing market slowed, the condo market found a second gear. Sales volume for condominiums jumped a massive 25% compared to last year.

By the Numbers:

• Units Sold: 64 condos changed hands in February (up from 51 in 2025).
• Median Price: The median condo price adjusted downward by 11.7% to $847,500.
• Market Dominance: For the first time in recent months, the total dollar volume for condos ($73.6M) actually outperformed single-family homes ($62.9M).

According to Georgie Tamayose, President of RAM, "Single-family home sales and prices eased compared to last year, while homes are taking a bit longer to sell. At the same time, the increase in condominium sales suggests buyers are finding opportunities in that segment as pricing adjusts."

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A "Recalibrating" Market

What we are seeing across Maui, Molokaʻi, and Lānaʻi is a market finding its footing. Total inventory is up across the board—7.4% for condos and 4.4% for houses—giving the island a healthier "months of supply" than we’ve seen in years.

As Georgie Tamayose further explains, "Overall, we’re seeing a market where both buyers and sellers are moving thoughtfully as conditions continue to evolve."

Whether you are looking for a primary residence or an investment, the data shows a market where both sides are moving with more intention. Prices are adjusting, inventory is growing, and the "buying season" is starting to look a lot more balanced.

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