Maui's real estate market is currently displaying a mix of trends. In June 2024, the median price for single-family homes soared to $1.35 million, a significant 30.8% increase from the previous year, while condo prices remained stable at $980,000. However, sales volume experienced some fluctuations, with condo resales dropping by 36.6% and single-family home sales decreasing by 9.7%.
While the market showed stability in May 2024, median prices for single-family homes still hovered around $1.3 million. April 2024 saw a surge in both single-family home and condominium sales, with median prices increasing by 16.9% and 8.4% respectively.
Overall, Maui's housing market has been experiencing a period of volatility, with significant price increases in certain segments and fluctuating sales volume. The market appears to be adjusting after the pandemic buying frenzy, but prices remain high, especially for single-family homes.
It's important to note that these figures represent median prices and sales volume, and there may be variations depending on location and property type. For a comprehensive understanding of Maui's real estate market, consulting with local real estate professionals and analyzing data from multiple sources is recommended.
Here are the statistics:
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