Despite predictions for a tougher year for the real estate industry, the number of sales and property prices are holding steady on Maui.
Each month, the Realtor Association of Maui releases market statistics, including a broad outlook of the industry and historical data. The numbers from February 2019 show that new listings jumped 7 percent and pending sales increased 10 percent for single-family homes compared to the year before.
The growth wasn’t positive for condominiums, however. New listings decreased 21 percent and pending sales dropped 24 percent.
And for both condominiums and single-family homes, inventory remained tight: It actually dropped 14 percent for single-family homes and 22 percent for condominiums. A steady demand for homes…