The Maui real estate market remained hot for September 2021, with the median sales price for single-family homes at $996,500 (27.3% higher than a year ago) and $729,125 for condominiums (a 46.6% increase from September 2020), according to statistics from the REALTORS® Association of Maui.
For September, the supply of properties also were lower, with faster sales compared to September 2020. The days on the market for single-family homes was 103 (14.9% decrease) and 108 for condos (6.9% decrease). Months supply of inventory decreased 57.1 percent for single-family homes to 1.8 months and a whopping 90.8 percent for condos to less than one month.
New listings decreased 9.8 percent for single-family homes and 29.2 percent for condos.
Pending sales decreased 4.3 percent for single-family homes but increased 5.7 percent for condos.
Inventory decreased 44.3% for single-family homes to…