kcerizo@mauinews.com
Inventory for Maui single-family homes hit a new low in February while median sales prices continued to stay high, the latest data from Realtors Association of Maui shows. The Maui News MATTHEW THAYER photo
Inventory on Maui for single-family homes continues to dry up with February plummeting to a new historic low, according to a recent report.
Last month set a record low for single-family inventory at 214 units, according to data from the Realtors Association of Maui, which began compiling inventory numbers in 2010. The total a 58.6 percent drop is fewer than half of the 517 that were available the year before.
kcerizo@mauinews.com
A real estate sign is posted on a Wailuku Heights property in 2018. Single-family homes on Maui are seeing a buying surge in November. Low inventory and historically low mortgage rates may have contributed to the fast sales. The Maui News / MATTHEW THAYER photo
High-priced Maui single-family homes were snapped up faster in November than in any month over the past two years, according to a report by Realtors Association of Maui.
Published Dec. 8, the report said strong buyer demand is likely to continue.
Days on the market until sale the average number of days between when a property is listed and when it closed in a given month was just under two months in November at 111 days. The last time single-family homes sold that quickly was in October of 2018.