Why Now is a Great Time to Buy on Maui

Maui’s real estate landscape in mid‑2025 presents a compelling opportunity—read on to see why buying now could be a savvy move.

1. Strong Buyers’ Market with Expanded Inventory

The Maui market has entered a more favorable phase for buyers. Through the first five months of 2025, inventory surged—especially condos—while demand has slowed, leading to a pronounced buyers’ market.

• Condo listings are up ~30–70% year-over-year, while single-family home listings rose ~8–40% .
• More homes on the market mean better chances to compare, negotiate, and find attractive pricing.

2. Pricing Has Stabilized or Adjusted

• Median home prices remain steady or show modest gains—single-family medians hovered around $1.3 million, inching up ~0.4%, and condos settled around $762,500, down ~10% year-over-year – Maui Now.
• With low demand yet consistent pricing, sellers may be more flexible—ideal for well‑priced offers.

3. Longer Market Time = Greater Leverage

Days on market have increased significantly—condos rose ~38%, homes around ~40%. This means sellers are less rushed, making room for earnest negotiation on contingencies, closing costs, or inspection issues.

4. Mortgage Rates Have Pulled Back

Hawaii’s current 30‑year fixed mortgage rates average around 7.04% —high by historical standards, but with opportunity: buyers using rate buy-downs, adjustable-rate mortgages, or pre-approvals can secure better deals in this cooling market.

5. Strategic Zoning & STR Shifts

Proposals targeting short-term rentals (STRs) on the horizon could shift market dynamics. Pending policy changes—like limits or conversion of vacation rentals into long-term units—could dampen value in STR-heavy condo zones. But they also open smart buy-and-hold positions for rentals once regulations stabilize .

6. Long-Term Value in Lifestyle & Infrastructure

Maui’s allure—pristine beaches, outdoor lifestyle, vibrant communities—is enduring . And rebuilding efforts post-2023 wildfires, particularly in Lahaina, include forward-looking planning and housing development, offering investment with community impact.

Buyer Tips for This Market

• Explore condo options, which are seeing the sharpest price adjustments and inventory increases.
• Target areas with long-term appeal, like Kihei and Wailuku, both showing strong sales activity and community infrastructure.
• Get pre-approved to stand out and move quickly when the right property appears.
• Consider future STR policy impact—evaluate whether to invest in areas likely to shift away from STRs or to benefit from long-term rental demand.

Rising inventory, stabilized prices, longer market stays, and shifting STR dynamics combine to make mid‑2025 a rare buyers’ window on Maui. If you’re equipped with an eye for value, now is the moment to make a move—whether you’re seeking a dream island home or an investment property with upside.

Thinking of buying on Maui? We would be happy to dive into neighborhoods.

Learn more about this beautiful property at MLS 405860. To schedule a showing, please call Blake Hill or Anna Severson.