November 2022

 

Combined property sales across Maui County continued to decline with only 145 transactions in all of November. Even with slowing sales, the general lack of new inventory has helped to maintain a sellers’ market as only 2.4 months of supply are available; 3-6 months is considered a balanced market while 6 months or more is a buyer’s market. Even as mortgage interest rates declined for the third straight week, property prices have increased 10% year-over-year putting more pressure on affordability. Call, email, or text me for more information on your favorite island spot!