Median Sales Price decreased 19.6% to $1,007,000 for single family homes but increased 21.9% to $984,450 for condominium homes, according to the latest report released by the Realtors Association of Maui for June 2023.
Although Maui County’s real estate market is facing uncharted territory after the frenzied homebuying of the pandemic, Realtors Association of Maui said signs point to slightly softer prices heading into the new year. Low inventory, though, will keep home prices relatively high, and potential buyers shouldn’t expect costs to plummet to pre-pandemic numbers.
The number of homes in Hawaiʻi purchased by Mainland buyers in the first half of 2021 was more than double the sales in the first half of 2020 and more than 50% higher than during the first half of 2019, according to UHERO.