Jack Roden

November unfolds on Maui with cooler evenings, quieter beaches, and a growing sense of clarity in the real estate market. The island has spent much of 2025 recalibrating — emotionally, structurally, and economically — and November feels like the first month where the numbers begin to show consistency.

Tourism gains momentum once again. HTA reports a 6.3% increase in visitor arrivals from October, along with sustained strength in visitor spending.¹ STR hotel data supports this, showing occupancy up 7.5% year-over-year and ADR climbing another 4%.² This combination strengthens investor confidence in rental-zoned properties across Kīhei, Honokōwai, Nāpili, and Kāʻanapali.

Housing metrics remain in a holding pattern. Inventory stays elevated but stops climbing, suggesting the early signs of stabilization. Buyers continue to hold leverage, though multiple-offer situations begin to reappear on sharply priced or premium-view properties — a subtle signal that the market may be nearing equilibrium.

Key November 2025 data:

  • Median condo price: ~$645,000 (-22% YoY)³

  • Median single-family price: ~$1.310M (-1.9% YoY)³

  • Condo months supply: ~14.9 months³

  • Visitor arrivals: Up 6.3% MoM¹

  • Hotel occupancy: Up 7.5% YoY (STR)²

  • Housing starts: Up 5.7% (County of Maui)⁴

  • Hawaiʻi job growth: +2.1% YoY (BLS)⁵

UHERO’s November economic pulse highlights Maui’s steady progress in construction employment, improved consumer sentiment, and statewide economic resilience.⁶ CoreLogic’s national investor report identifies Maui as one of the top recovery-watch markets, citing its deep price corrections and historically strong re-entry cycles.⁷

For buyers, November represents a moment of strategic clarity:

  • Prices are softer than any time since 2020

  • Inventory remains abundant, especially in condos

  • Tourism fundamentals show renewed strength

  • Insurance and rebuild policies become clearer

  • Sellers are more realistic than they’ve been in years

For sellers, proper pricing and presentation remain critical, but the buyer pool is growing — especially among snowbird and 1031-exchange buyers preparing for Q1 activity.

Call to Action
If you’re exploring Maui real estate — whether that’s an ocean-view condo, a Wailea second home, or a West Maui rebuild opportunity — I’m here to help you understand the micro-market shifts shaping November’s trends. Let’s connect and talk through what makes sense for your goals, whether you're on island or joining by video.

Sources (November 2025)

  1. Hawaiʻi Tourism Authority – Monthly Visitor Statistics (November 2025)

  2. STR Global – Hawaiʻi Lodging Performance, November 2025

  3. REALTORS® Association of Maui – November 2025 Market Report

  4. County of Maui Planning Department – Monthly Housing Starts

  5. Bureau of Labor Statistics – Hawaiʻi Regional Employment Report

  6. UHERO – November 2025 Economic Pulse

  7. CoreLogic – Investor Activity & Market Recovery Indicators