Contact Information
Reba Roy, Corcoran Pacific Properties
Work Phone: (808) 482-9700
Email: reba.roy@corcoranpacific.com
Website: www.rebaroy.com
RB-23783
Kauai Real Estate Market Update – May 2025
Published: June 2025 by Reba Roy, Corcoran Pacific Properties
Market Overview
(Market Graphs Below Text)
May 2025 was a Neutral market!
For sale listings: Up 46.0% from one year earlier and down 0.5% from the previous month.
Sold listings: Decreased 40.0% year over year and decreased 33.3% month over month.
Under contract listings (Pended): Up 15.3% compared to the previous month and up 15.3% compared to the previous year.
Months of Inventory based on Closed Sales: 9.3, up 144.7% from 3.8 in May 2024.
Property Overview
Property Types: All Fee Simple Residential Properties
Market Dynamics
The Average Sold Price per Square Footage was Appreciating.
The May 2025 Average Sold Price per Square Footage of $951 was up 16.0% from $820 last month and up 8.6% from $876 in May of last year.
The Days on Market Showed a Neutral Trend.
The Average Days on Market (DOM) for May 2025 was 93, down 4.1% from 97 last month and up 20.8% from 77 days in May of last year.
The Sold/Original List Price Ratio was Neutral.
This month Sold Price vs. Original List Price of 92% was up 2.2% from last month’s 90% and down 4.3% from 96% in May of last year.
Pricing Trends
The Average For Sale Price was Depreciating.
The Average For Sale Price in May 2025 was $2,644,000, down 6.6% from $2,832,000 in May 2024 and up 3.9% from $2,544,000 last month.
The Average Sold Price was Appreciating.
The Average Sold Price in May 2025 was $1,359,000, up 4.5% from $1,300,000 in May 2024 and up 9.2% from $1,244,000 last month.
The Median Sold Price was Appreciating.
The Median Sold Price in May 2025 was $998,000, up 6.3% from $939,000 in May 2024 and down 1.7% from $1,015,000 last month.
Additional Insights
The market showed signs of softening inventory absorption, with absorption rates based on closed sales at 10.7%, down significantly from 26.1% in May of last year.
Absorption based on pended sales was 17.4%, a slight decline from 22.0% last year, but an improvement from last month’s 14.8%.
This suggests that while listings are taking longer to sell and inventory is higher, buyer activity picked up slightly in terms of contracts written compared to the prior month.
This report is based on data supplied by HiCentral, RAMaui, and Hawaii Information Services MLS. Information deemed reliable but not guaranteed.
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Kauai Single Family Real Estate Trends
