Jack Roden

August settles over Maui with a quiet steadiness, a month shaped by reflection and a slow but meaningful return to island rhythms. Two years after the Lahaina fires, the emotional landscape remains present, yet the island moves forward with determination. That same dynamic shows up in the housing market — recalibration, resilience, and an unfolding sense of opportunity.

Tourism tells one of the month’s clearest stories. Visitor arrivals climb gently, up 4% from July, though still 15–18% below 2019 levels.¹ Spending, however, trends higher — an encouraging indicator for future rental demand. Local businesses adapt, and the overall sentiment feels steadier compared to the uncertainty earlier in the year.

Inventory continues to expand. According to RAM data, Maui sees one of its largest year-over-year listing increases in nearly a decade.² Buyers now have meaningful time to evaluate properties, compare neighborhoods, and negotiate with clarity. It’s a noticeable shift from the urgency-driven cycles that dominated the pre-2023 years.

Prices soften in several segments, especially condos tied to visitor occupancy. In August:

  • Median condo price: ~$650,000 (-35% YoY)²

  • Median single-family price: ~$1.277M (-3.6% YoY)²

  • Condo months of inventory: 15 months, the highest since 2012²

Meanwhile, statewide economic indicators from UHERO show stable employment in construction and hospitality, suggesting a resilient long-term foundation for Maui’s recovery.³
County of Maui building-permit data highlights an 11% month-over-month increase in West Maui rebuild permits, signaling forward momentum.⁴

For buyers, August presents rare calm: abundant inventory, favorable negotiation conditions, and more time to make informed decisions. For sellers, pricing strategy, presentation, and local expertise matter more than ever.

If you’re watching the market from afar, August reveals Maui in a moment of transition — steady, thoughtful, and full of possibility.

Call to Action
If you'd like to understand how August’s conditions affect your particular segment, I’d be happy to walk you through the details. Every neighborhood moves differently, and I’m here to help you navigate with confidence and clarity.

Sources (August 2025)

 

  1. Hawaiʻi Tourism Authority – Monthly Visitor Statistics

  2. REALTORS® Association of Maui (RAM) – August 2025 Market Report

  3. UHERO – Hawaiʻi Economic Indicators (Summer 2025 Update)

  4. County of Maui – Planning & Permitting Monthly Report