March 2026 Maui Statistics and Market Update

In our January market update, I discussed sales as a lagging indicator. A lot of real estate statistics posts focus on sales, and it can give you a skewed sense of current market conditions. In January, sales were low after a quiet November and December for buyers. However, pending sales were up by a healthy margin, pointing to growing buyer demand not reflected in the sales data.

For March, we are seeing the opposite. Looking at the sales, it was a pretty good month by recent standards. That reflects the increased buyer activity in January and February. However, March proved to be a slower month for buyer activity. The fallout from the war in the Middle East and two severe weather systems that battered the islands led to reduced market activity. Keep reading the March 2026 Maui Statistics and Market Update for more details on what we saw in March and all of the latest numbers.

What We Are Seeing in the Market

March is typically one of the strongest months of the year for buyer activity. That is due largely to high visitor numbers as families come to the island for spring break. It seemed like that would be the case this March after the healthy activity earlier in the winter visitor season. However, for the reasons noted above, new pendings dipped to levels below those seen during a relatively quiet March 2025. The number of new escrows was significantly below pre-COVID March averages.

We have no way to determine whether the war or the weather had a greater impact on diminished activity. That said, we do track other markets. A California appraiser who provides weekly market updates indicated March activity was down in the Sacramento area, but not drastically. That makes me think that the impact of our March storms was not insignificant.

The question remains whether the reduced buyer demand is a short-lived decrease or the start of a longer-term slowdown. Much of that depends on what happens in the Middle East and the associated economic impacts. Thus far, we have seen higher gas prices and, more pertinent to real estate, higher mortgage rates.

Unless we see those rates decrease, I surmise that some buyers will either stay on the sidelines or adjust their budgets downward. That’s about the extent of the market forecasting you will get from me. The world is too crazy to prognosticate with any confidence.

It’s worth noting that while things are slow, the market is not dead. Looking at our MLS hotsheet today, I saw a couple of condos closed above asking price, and a well-priced Upcountry home in a desirable area was under contract within 24 hours of hitting the market. While affordability took a hit over the last month, Maui retains its appeal. Contact us if you are looking for a Maui refuge from all the world’s madness.

Plugging an Epic Listing Before Plunging into the Data

55 Kai Place is a modern beach house within walking distance of downtown Paia. Well-suited to homebodies or social butterflies.

March 2026 Maui Market Activity

New Listings

The number of homes that came to market in March was 23.5% below March 2025 and 47.7% below the March average between 2017 and 2019. The number of condos listed in March was 18.2% below March 2025 and 29.9% below the March average from 2017 to 2019.

New Pending Sales

The number of new pending sales in March decreased 8.2% from last March and was 50.9% below the March average from 2017 to 2019. The number of condos that went under contract in March was 12.5% below last March’s level and 65.9% below the March average from 2017 to 2019.

Closed Transactions

The number of homes sold in March 2026 was 58.3% higher than in March 2025. However, it was still 20.8% below the March average over 2017-2019. The number of condos sold in March was 20.33% higher than in March last year, but 47.8% below the March average over 2017-2019.

March End-of-Month Home Inventory

Notable Numbers From the End of March Home Inventory

The inventory of active home listings on March 31 fell 2.5% (10 homes) below the number on February 28th. This is the lowest end-of-month total since May 2025. The number of pending home sales fell 17.8% (23 properties) between the last day of February and the last day of March.

Looking at active inventory by price point, the one thing that continues to stand out is the decrease in active listings between $1,000,000 and $1,499,999. After peaking in the fall, the number of active listings decreased for the fifth consecutive month.

Interestingly, the $1,000,000-$1,499,999 price range also saw the largest month-to-month drop in pending sales. With many of the properties in this range selling to local residents, you wonder if the stormy weather had an impact.

Looking at active inventory by community, Haiku hit forty listings for the first time since at least 2021. We weren’t specifically tracking community-level inventory back then, but I remember Haiku’s inventory levels being in the low 40s right before the pandemic.

Looking at end-of-month pending listings by community, Hana, Ka’anapali, and Kapalua ended the month with no pending sales for the second consecutive month. While Hana has seen just one sale since last Spring, it is surprising to see such limited activity in the two West Maui resort communities. Sellers may need to adjust their expectations on sales prices to find buyers.

End of March Maui Condo Inventory

Notable Numbers from the End of March Maui Condo Inventory

Between the end of February and the end of March, Maui condo inventory increased by a modest 1.1% (ten units). Pending inventory fell 15.6% (18 condos) between February 28th and March 31st.

Looking at active inventory by price point, the increases were mostly concentrated in the price ranges under $750,000. The $3,000,000 to $4,000,000 price range also saw a bump in inventory.

Most price ranges saw a decrease in pending listings between the end of February and the end of March. The price ranges between $500,000 and $999,999 saw a modest increase in pendings, while the price ranges between $2,000,000 and $9,999,999 remained unchanged.

Looking at active listings by community, the Napili, Kahana, and Honokowai area saw the biggest increase in inventory. Ka’anapali was notable for a decrease in inventory after four straight months of growing inventory.

Ka’anapali also saw an increase in pending sales. It was one of the few communities to see an increase, joined by only Lahaina and Ma’alaea. Kihei, Napili, Kahana, and Honokowai had the largest decreases in pending sales in raw numbers, while Wailea had the largest percentage dip.

Contact The Maui Real Estate Team if you have any questions about the market, specific communities, or price points, or if you need assistance with buying or selling. We welcome feedback on these posts and any suggestions on topics you would like us to cover on the blog.