If you are involved in real estate, whether as a seller, a home buyer, or an investor, it is important to keep up with the latest market trends. This is true no matter where you are located, but it is even more true for Maui as the Maui County real estate market changes constantly.
Various factors can impact the real estate market, such as low inventory, or an influx of new homes or condos on the market because of new developments, or high demand for certain property types. So how do you decide if this is a good time to buy a house on Maui? Or if you should be selling that Maui condo? One important factor in these decisions can be the latest Maui County Real Estate Market Trend reports published each month by the REALTORS® Association of Maui.
These monthly reports provide a summary of the overall real estate market in Maui County for the previous month and contain detailed statistics on different areas of the market. Here you can find the Monthly and Year-To-Date Sales Volumes for Single Family Homes, Condominiums, and Land, as well as key metrics by month and for year-to-date for the following areas:
- Single Family Homes market
- Condominium market
- New Listings
- Pending Sales
- Closed Sales
- Days on Market until Sale
- Median Sales Price
- Average Sales Price
- Inventory of Properties For Sale
There is a wealth of information within these reports, but for someone new to the Maui real estate market it might all seem a bit overwhelming! Having a real estate expert on your side can help you make sense of it all. Still looking for a Realtor®? Check out our list of Maui Brokers or Maui Agents. They can assist you in determining the current market, plus they have inside knowledge of any new property developments that might be in the works.