The state of water in the Martian regolith is addressed. The water-ice phase composition, adsorption-desorption and evaporation phenomena, and brine compositions of six antarctic soils that are considered to be good terrestrial analogues of the Martian surface materials are examined. Experiments have shown that, for temperatures below freezing and relative humidities less than 100 percent, absorbed water and vapor are the only stable phases in the regolith. When the relative humidity reaches 100 percent, ice may form and coexist with the absorbed liquid phase. The absorbed water content declines with decreasing temperature; however, the presence of dissolved solutes can result in appreciable adsorbed liquid phase at temperatures as low as 210 K. Such properties may have a profound influence on martial geomorphology, physical and chemical weathering, and the exchange of water between the atmosphere and regolith.