Prices Dropping

In April 2023, the median sales price for single-family homes in Maui County dropped from $1.24 million to $1.1 million, however fewer homes were sold as a result of fluctuating mortgage rates. The median sales price for condominiums, meanwhile, jumped from $820,000 a year ago to $877,000 today. April saw a 2.4 percent national reduction in existing-home sales, and a monthly decline of 5.2 percent in pending sales. The housing supply in Maui County has, nevertheless, been trending higher over the previous 12 months. In April, Wailuku saw the most number of single-family house sales, and Kihei saw the greatest number of condo sales.

To read the entire article via The Maui News here.

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s