Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market.
The report notes:
U.S. existing-home sales grew 3.1% month-over-month to a seasonally adjusted annual rate of 4.00 million, exceeding economists’ expectations and marking the strongest sales pace since August 2023, according to the National Association of REALTORS® (NAR). Falling interest rates late last year, coupled with a recent uptick in inventory, helped existing-home sales to climb following last month’s decline, with monthly gains reported in the Midwest, South, and West regions.
New Listings increased 2.4 percent for Single Family homes and 52.1 percent for Condominium homes. Pending Sales decreased 5.1 percent for Single Family homes but
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