By Benjamin Finnerty (S), REALTOR® (RS-83812) with Keller Williams Realty Maui · Kīhei, Maui · 808-481-9748

Quick Answer: Maui housing inventory is easing off its summer peak. Realtor.com data via FRED shows 1,367 active listings in Maui County in September 2026, down from 1,450 in June but still 5.2% above September 2025. New listings fell to 182, the lowest monthly count in more than a year, and fewer sellers cut prices.

I’m Benjamin Finnerty, a REALTOR® in Kīhei with Keller Williams Realty Maui, and inventory is one of the numbers I watch most closely for buyers and sellers. Prices tell you what already happened. Listings tell you where negotiating power may be heading. Here is what the newest data shows for Maui this fall.

How much Maui housing inventory is on the market right now?

There were 1,367 active single-family and condo listings in Maui County in September 2026. These are the monthly counts, both property types combined:

Month	Active listings	New listings	Listings with a price cut
September 2025	1,299	210	242
June 2026	1,450	256	238
August 2026	1,400	204	240
September 2026	1,367	182	218

Source: Realtor.com housing inventory data via FRED, Federal Reserve Bank of St. Louis.

For a longer view, there were 1,066 active listings in September 2024. That means Maui’s for-sale inventory is up about 28% over two years, even after the recent dip.

Why is Maui housing inventory falling this fall?

Fewer sellers are listing and more buyers are going under contract, both at once.

Fewer sellers are listing. September’s 182 new listings were down 13% from 210 a year earlier. Some owners who were on the fence seem to be waiting, perhaps for clearer rules on vacation rentals or for mortgage rates to improve.

More buyers are acting. According to the REALTORS® Association of Maui (RAM), August 2026 closed sales rose 3.2% for single-family homes (64 sales) and 19.3% for condos (68 sales) compared with August 2025. Pending condo sales, meaning deals under contract but not yet closed, jumped to 79 from 51 a year earlier, a 54.9% increase. Those pending deals come off the active list, which helps explain the drop in inventory.

Prices are still lower than last year. RAM reported an August 2026 median of $1,200,000 for single-family homes (down 7.9%) and $564,950 for condos (down 13.1%). Lower prices are bringing buyers back, and that activity is starting to absorb some of the extra inventory. I covered those August figures in more detail in Maui’s August 2026 numbers.

Are Maui sellers still cutting prices?

Yes, but less often. In September 2026, 218 Maui listings had a price reduction, about 16% of active listings. A year earlier, it was 242 listings, or about 19%. Price cuts peaked this spring at 286 in April.

Homes are still taking time to sell. RAM’s August 2026 figures put the median days on market at 128 for single-family homes and 171 for condos. That’s slow by mainland standards, and it still gives buyers room to negotiate on many properties.

Is it a buyer’s market on Maui? A rough measure of supply

By a rough measure, conditions still lean toward buyers. If you compare August 2026’s 1,400 active listings with August’s 132 closed sales (single-family and condo combined), you get roughly 10 to 11 months of supply. A balanced market is often described as about six months.

Keep in mind that Realtor.com and RAM’s MLS count listings differently, so treat this as an estimate, not an official statistic.

What does this mean for Maui buyers?

• You still have choices. With roughly 1,370 listings countywide, buyers have more selection than they did a year or two ago.
• Negotiating leverage is still real, but it may not last. Long days on market and recent price drops still favor buyers on many properties. If new listings stay low and condo pendings stay strong, the best-priced homes may start moving faster.
• Focus on the specific property. Countywide averages hide big differences. A condo facing short-term rental limits under Bill 9 (Ordinance 5909) and a single-family home in Central Maui are very different markets. My post on how Bill 9 is reshaping the condo market explains why.
• Get your financing ready first. With the average 30-year fixed rate at 7.28% in Freddie Mac’s October 1 survey, a full pre-approval lets you move quickly. See the monthly math at 7.28% mortgage rates.

What does this mean for Maui sellers?

• Less competition from new listings. With fewer homes coming to market, a well-prepared listing stands out more than it did this spring.
• Price it right from the start. Buyers are active but price-sensitive. Overpriced homes are still sitting, and listings that need a cut usually end up selling for less than if they had been priced right at the beginning.
• Know your building or neighborhood. For condos especially, zoning, association reserves and special assessments shape what buyers are willing to pay.

My Take: What I’m Telling Buyers and Sellers

The September data shows two forces pulling in different directions. Inventory is still 5.2% above a year ago and roughly 10 to 11 months of supply by my rough measure, which favors buyers. But new listings at 182 and condo pendings up 54.9% suggest the window of maximum supply may be starting to narrow. Neither is a forecast; both are worth watching month to month.

For buyers, I suggest getting pre-approved now and using the long days on market, 128 for single-family and 171 for condos in August, as a reason to negotiate thoughtfully on the specific property. For sellers, the opportunity is that fewer new listings means less competition, but only for homes priced in line with recent sales from the start.

RAM releases the previous month’s statistics within the first 10 business days of each month, so I’ll be looking at the September closed-sales figures as soon as they’re out.

In the past 6 months I have found 3 different properties for my clients by paying close attention to what comes to market and acting fast when the perfect property comes to market at an excellent price, so contact me to make sure you get notified when the perfect property comes to market for you.

Frequently Asked Questions

Is Maui housing inventory going up or down?

Down in the short term, up over the longer term. Active listings fell from 1,450 in June to 1,367 in September 2026, but they’re still about 5% above September 2025 and about 28% above September 2024.

Is it a buyer’s market on Maui right now?

Overall, conditions still lean toward buyers. Prices are lower than a year ago, homes are taking months to sell, and about one in six listings has had a price cut. But condo activity is picking up quickly, so conditions differ a lot by property type and area.

When will September 2026 sales numbers be released?

RAM says it releases local market statistics for the previous month within the first 10 business days of each new month, so September figures should be out soon.

Should I wait for rates to drop before buying?

That depends on your plans and budget. If rates fall, more buyers may come back and compete for the same homes. Many buyers who find the right property now negotiate on price and plan to refinance if rates drop later, though a future refinance is never certain.

Ask Benjamin

Countywide numbers are a good starting point, but your decision depends on the specific area, building and price range you’re considering. I’m Benjamin Finnerty, and I’m happy to pull current inventory and recent sales for you; just call or text me at 808-481-9748 or email benjaminfinnerty@gmail.com.

Sources: Realtor.com housing inventory data via FRED, Federal Reserve Bank of St. Louis (Maui County, updated Oct. 1, 2026); REALTORS® Association of Maui August 2026 statistics; Maui Now (Sept. 4, 2026); Freddie Mac Primary Mortgage Market Survey (Oct. 1, 2026).