JULY 2021 Maui Real Estate Statistics Overview

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  JULY  2021 MEDIAN HOMEPRICE:  $1,050,000

  JULY  2021  MEDIAN CONDOPRICE:  $713,000

  JULY  2021 MEDIAN VACANT LANDPRICE:  $872,500


The White House recently announced additional measures to help
struggling homeowners avoid foreclosure as they exit forbearance,
including loan modifications and payment reductions. Borrowers with
federally backed mortgages can lock in lower interest rates and extend the
length of their mortgages. For borrowers who can’t resume their monthly
mortgage, HUD will offer lenders the ability to provide all eligible borrowers
with a 25% principal and interest reduction.
New Listings decreased 14.5 percent for Single Family homes and 46.3
percent for Condominium homes. Pending Sales increased 20.4 percent for
Single Family homes and 50.5 percent for Condominium homes. Inventory
decreased 49.3 percent for Single Family homes and 78.1 percent for
Condominium homes.
Median Sales Price increased 34.7 percent to $1,050,000 for Single Family
homes and 41.2 percent to $713,000 for Condominium homes. Days on
Market decreased 25.0 percent for Single Family homes and 16.6 percent
for Condominium homes. Months Supply of Inventory decreased 62.7
percent for Single Family homes and 87.9 percent for Condominium homes.
The National Association of REALTORS® reported inventory of homes for
sale nationwide rose slightly in June as more sellers list their homes, hoping
to take advantage of record-high sales prices across the country. Even with
renewed home seller interest, inventory overall remains 18.8% lower than a
year ago, according to NAR.