Courtesy Realtors Association of Maui

Maui’s housing market slowed in November as both sales and median prices declined compared with a year earlier, according to the Realtors Association of Maui.

Single-family home sales were down 22.2% from November 2024, falling from 63 in November 2024 to 49 the same month this year. Condominium sales dropped 5.7% to 50.

The median prices of single-family homes and condos also dropped, with single-family homes down 11.5% to $1.15 million and the median price of condominiums down 19% to $595,000.

New listings increased year over year, rising 9.5% for single-family homes and 14.9% for condominiums. Homes and condos spent a median of 153 days on the market, indicating a slower sales pace.

“November’s data reflects a continued cooling of the market,” RAM President Lynette Pendergast said in a news release. “With more new listings and a slower sales pace, buyers and sellers alike are adjusting to evolving conditions and taking time to evaluate their options.”

For more information, including listings and open house details for Maui, Molokai and Lanai, go to www.ramaui.com.