By Lahaina Lee, Aloha Group Maui | June 2026 market data
Last month, we told you the most important number in the report was 121 pending condo sales, and that buyers were circling. In June, they landed. Condo closings surged to 88, the highest total in over 2 years, while the median condo price bounced to $625,000. Homes joined the party: 78 closings, the most since August of 2022, and a median price of $1,356,975, the highest since January, pushing supply down to about 5.9 months. Here is what the data shows, what it means, and where we hedge.
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July 2026 Key Takeaways Condo closings: 88 in June, up from 51 in May, the highest number in over 2 years. The pendings converted, right on schedule. Condo prices: Median sold price bounced to $625,000 from May's $597,000. The bottom held, at least for a month. Condo inventory: 913 active listings. At June's sales pace, that's about 10.4 months of supply, down from nearly 18 last month. Still a buyer's market, but the discount window narrowed. Home sales: 78 closings, up from 58 in May and the most of the past 12 months. Home prices: Median sold price jumped to $1,356,975, the highest since January, one month after the second-lowest reading of the year. Home supply: Inventory at 464 works out to roughly 5.9 months of supply at June's pace. That's balanced-market territory. One caution: home pendings slipped to 96, tying December for the lowest of the year. |
Quick housekeeping for anyone just joining us: this report covers the real estate numbers, and next week we'll publish the companion piece on the Lahaina rebuild, Bill 88, and tourism. One story, two sittings. That's the cadence going forward.
Now. Last month, with condo closings at a limp 51, we pointed at the 121 pending sales and said buyers weren't gone, they were circling. We're right about twice a year, so please allow us this one: June delivered 88 closed condo sales, the best month since 2024. The buyers stopped circling and started signing.
Let's do the numbers. Condos first, as always.
|
|
Jul '25 |
Aug '25 |
Sep '25 |
Oct '25 |
Nov '25 |
Dec '25 |
Jan '26 |
Feb '26 |
Mar '26 |
Apr '26 |
May '26 |
Jun '26 |
|
Sales |
53 |
57 |
45 |
61 |
50 |
75 |
44 |
64 |
74 |
70 |
51 |
88 |
|
Inventory |
863 |
849 |
842 |
833 |
890 |
904 |
918 |
909 |
911 |
931 |
902 |
913 |
|
Pending Sales |
79 |
77 |
87 |
91 |
86 |
75 |
96 |
118 |
107 |
100 |
121 |
114 |
|
Median Sales Price |
$675K |
$650K |
$650K |
$614K |
$595K |
$640K |
$630K |
$848K |
$675K |
$651K |
$597K |
$625K |
|
Avg Sales Price |
$911K |
$1.14M |
$947K |
$920K |
$735K |
$1.04M |
$926K |
$1.15M |
$1.19M |
$972K |
$890K |
$854K |
|
Median Asking Price |
n/a |
$849K |
$823K |
$799K |
$800K |
$825K |
$849K |
$839K |
$825K |
$799K |
$799K |
$790K |
|
Avg Asking Price |
n/a |
$1.28M |
$1.26M |
$1.23M |
$1.31M |
$1.35M |
$1.37M |
$1.33M |
$1.31M |
$1.27M |
$1.26M |
$1.22M |
|
Days on Mkt (active) |
151 |
154 |
154 |
154 |
153 |
154 |
160 |
166 |
172 |
170 |
170 |
170 |
|
Days on Mkt (sold) |
145 |
167 |
125 |
180 |
155 |
162 |
166 |
138 |
148 |
168 |
153 |
171 |
|
Withdrawals |
62 |
68 |
72 |
71 |
48 |
41 |
54 |
43 |
47 |
53 |
60 |
55 |
* Data collected on the 1st of the following month. June figures were collected July 1, 2026.
* Asking price data unavailable prior to August 2025.
88 closed condo sales in June. To put that in perspective, the previous best month was April of 2024, and last month we managed just 51. That's a 73% jump in a single month. When closings drop while pendings spike, we said, that's a market where buyers smelled a deal. June is what it looks like when they act on it.
And the pipeline isn't empty. Pending sales came in at 114, the third-highest of the past twelve months, behind only May's 121 and February's 118. So July closings should stay healthy. This wasn't one hungry month clearing the buffet; there's another seating behind it.
Prices tell the same story. The median condo selling price bounced to $625,000, up from May's $597,000, which we called a retest of the bottom. One month doesn't make a floor, and we're not calling one. But when volume surges and the median rises at the same time, that's demand doing the lifting, not a couple of lucky luxury closings. For what it's worth, the average came in at $854,000, the softest of the year, which tells you the action was concentrated in the affordable and mid-range segments. That's welcome news — it's where the deals were, and buyers knew it.
We saw it on the ground, too. Showings and inquiries are both up across our team, and here's the anecdote of the month: we put three condos at Kaanapali Shores under contract on the same day, all at higher prices than comparable units were fetching earlier this spring. One escrow is a transaction. Three in an afternoon is a data point.
A note on days on market for solds: 171 days, near the top of the year's range. Translation: buyers weren't just grabbing fresh listings, they were finally absorbing inventory that had been sitting for months. That's how an overhang starts to clear.
Inventory ticked up to 913 active listings, still below April's 931 peak. Here's the number that changed the most: months of supply. At June's sales pace, 913 listings is about 10.4 months, down from nearly 18 a month ago. At the trailing year's average pace it's closer to 15. Either way, still a buyer's market. But if June's pace holds, and that's an if, the widest part of the discount window may be behind us. That's the good news and the bad news, depending on which side of the table you're sitting on.
Sellers seem to be reading the same tea leaves. Expired listings fell back to 22 after May's spike of 43, withdrawals eased to 55, and the median asking price slipped to $790,000, the first move below the $799,000 shelf it sat on for months. The gap between median ask and median sold narrowed to about $165,000. Still wide. Still narrowing from both directions.
And the elephant in the room got a little louder. On June 19, the County Council passed Bill 88 by a 7 to 2 vote, creating the new H-3 and H-4 hotel districts that could give thousands of apartment-zoned vacation rental condos a path forward. As of this writing, the Mayor has not signed it, and the planning department has not put forward a rezoning process, so nothing is rezoned and nobody's rental clock has changed. But it's hard to look at June's condo surge, especially in places like Kaanapali, and not see some of that optimism getting priced in. We'll break down the whole thing, including what Bill 88 does and doesn't do, in next week's companion blog.
Bottom line on condos: the pendings converted, prices bounced off the bottom, and buyers just showed us where the demand line sits. It's still a buyer's market, but the capital B got a little smaller in June.
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Key Takeaways: Condos 88 condo closings in June, up 73% from May's 51 and the highest total in over 2 years. The pending surge converted. Pending sales at 114, third-highest of the year. The pipeline for July remains full. Median selling price: $625,000, up from $597,000. Volume and price rose together, a sign of real demand. 913 condos for sale. Months of supply fell from roughly 18 to about 10.4 at June's pace. Still a buyer's market, but tightening. Expired listings fell to 22 from 43; median asking slipped to $790K. The ask/sold gap narrowed to roughly $165,000. Bill 88 passed Council 7 to 2 on June 19. Not yet signed, no rezoning process yet. Full coverage next week. |
Single-Family Homes
|
|
Jul '25 |
Aug '25 |
Sep '25 |
Oct '25 |
Nov '25 |
Dec '25 |
Jan '26 |
Feb '26 |
Mar '26 |
Apr '26 |
May '26 |
Jun '26 |
|
Sales |
60 |
60 |
56 |
63 |
49 |
66 |
52 |
46 |
76 |
49 |
58 |
78 |
|
Inventory |
439 |
441 |
438 |
436 |
450 |
446 |
456 |
448 |
436 |
437 |
444 |
464 |
|
Pending Sales |
112 |
108 |
109 |
101 |
104 |
96 |
120 |
134 |
110 |
119 |
108 |
96 |
|
Median Sales Price |
$1.32M |
$1.28M |
$1.29M |
$1.23M |
$1.15M |
$1.34M |
$1.45M |
$1.25M |
$1.20M |
$1.29M |
$1.17M |
$1.36M |
|
Avg Sales Price |
$1.65M |
$1.86M |
$1.76M |
$1.52M |
$1.34M |
$1.93M |
$1.93M |
$1.37M |
$1.49M |
$1.51M |
$1.48M |
$1.85M |
|
Median Asking Price |
n/a |
$1.77M |
$1.70M |
$1.68M |
$1.70M |
n/a |
$1.95M |
$2.00M |
$1.95M |
$1.85M |
$1.85M |
$1.84M |
|
Avg Asking Price |
n/a |
$3.34M |
$3.26M |
$3.12M |
$3.16M |
$3.55M |
$3.56M |
$3.70M |
$3.71M |
$3.48M |
$3.49M |
$3.52M |
|
Days on Mkt (active) |
139 |
141 |
141 |
138 |
138 |
140 |
136 |
144 |
147 |
153 |
158 |
156 |
|
Days on Mkt (sold) |
185 |
193 |
187 |
135 |
199 |
162 |
232 |
208 |
142 |
160 |
150 |
145 |
|
Withdrawals |
21 |
37 |
28 |
45 |
36 |
33 |
28 |
25 |
41 |
25 |
35 |
31 |
* Data collected on the 1st of the following month. June figures were collected July 1, 2026.
* Asking price data unavailable prior to August 2025; December '25 median asking price unavailable.
Last month we said the home market's flirtation with balance was on pause. Apparently the pause lasted about four weeks.
June delivered 78 closed home sales, up from 58 in May and the most since the sales spike of 2022. Inventory did rise to 464, the highest of the year, but at June's sales pace that works out to roughly 5.9 months of supply. Six months is the textbook definition of a balanced market, and we are now knocking on that door.
The price whiplash deserves its own paragraph. In May, the median home price was $1,174,500, the second-lowest of the year. In June, it jumped to $1,356,975, the highest since January. The average leapt too, to $1.85 million. What happened? More of everything, but especially more at the top: the well-priced luxury listings that had been aging on the vine finally found buyers, and that mix shift pulls the median up. Days on market for solds dropped to 145, and days on market for active listings dipped to 156, the first decline since January after four straight months of climbing.
Now for the hedge, because you know we always bring one. Pending home sales slipped to 96, matching December for the lowest of the past twelve months. Pendings are the preview of coming attractions, and this preview suggests July closings will cool back toward the historical average of about 60 a month. So no, we are not declaring a new era after one strong month. We've been doing this too long for that.
On the asking side, the median eased to $1.84 million and the average settled around $3.52 million, essentially flat. The luxury end is still adjusting, just slowly, the way luxury does everything except spend money.
Bottom line on homes: the best sales month in a year, the highest price since January, and supply back under six months. The balanced-market flirtation is back on. But with pendings at a 12-month low, don't book the wedding yet.
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Key Takeaways: Homes 78 home closings in June, up from 58 in May and the highest of the past 12 months. Median selling price: $1,356,975, the highest since January, one month after the second-lowest reading of the year. Luxury closings drove the mix. Inventory at 464 works out to about 5.9 months of supply. Balanced-market territory. Pending sales fell to 96, tying December for the lowest of the past 12 months. Expect July closings to cool toward the norm. Days on market for active listings dipped to 156, the first decline since January. |
A Quick Word on Land
Twelve vacant-land sales closed in June against 203 active listings, and the median sale price fell to $309,000, the lowest of the past year by a comfortable margin. Small sample, big swings; that's land. It remains a thin, patient market measured in seasons, not months. If you're a buyer with vision and a long timeline, there are sellers out there ready to talk story, and June's prices suggest some of them are motivated.
Our Take
June was the month the fence got uncomfortable.
On condos: everything we watch pointed the same direction at once. Closings at their highest in over 2 years, pendings still elevated, prices bouncing off the bottom, expireds falling, the ask/sold gap narrowing, and our own phones ringing more. Add the Council's passage of Bill 88, and some of the zoning uncertainty that's been sitting on this market like a wet blanket is starting to lift. We're not calling a bottom; we don't do that, and anyone who does is selling something. But if you've been waiting for a sign that demand still exists at these prices, June was about as loud as signs get. The leverage is still with buyers. It's just no longer growing.
On homes: the market spent June reminding everyone that Maui inventory is thin and good product moves. Sub-six months of supply is a different conversation than the ten-plus the condo market is having. Sellers who price to the last 90 days of comps are being rewarded, and in June, even some of the patient luxury listings got paid. The pending dip says July will be quieter. The trend says the window where home buyers held all the cards is narrowing.
For condos, it's still a buyer's market, but June is what the early innings of a turn can look like, and this time the closings showed up to say so. For homes, we're back on the doorstep of balance. Either way, the most expensive thing you can do right now is wait without information.
And remember, next week we'll be back with the companion blog covering the Lahaina rebuild, Bill 88 and what it does and doesn't mean for condo owners, and where tourism stands at the peak of summer. Those forces shape everything you just read, so don't miss it.
Let's Talk Story
If you have questions about your property's value, what these numbers mean for your situation, or whether this market is your moment to make a move, reach out anytime. We're here as a resource for the Lahaina and Maui community, whether you're ready to act or just trying to make sense of the headlines. No pressure, no agenda, just a conversation.
And if you or someone you know is thinking about buying, selling, or simply keeping track of Maui's real estate market, we've got a fabulous team of seasoned, well-trained agents standing by to help.
You can search every property listed for sale at www.AlohaGroupMaui.com, or email me directly at lee@alohapotts.com. I answer every one.
From the greatest island on Earth, I'm Lahaina Lee, saying ALOOHA.
