Maui Market Snapshot April 2024

Posted by Island Sotheby's International Realty on Tuesday, May 14th, 2024 at 12:11pm


U.S. existing-home sales recently fell from a one-year high, dropping 4.3% month-over-month to a seasonally adjusted annual rate of 4.19 million, according to the National Association of REALTORS® (NAR), as higher interest rates and rising sales prices continue to keep some prospective buyers on the sidelines. 



Maui: Year to Date 2024 vs. Year to Date 2023 New Listings increased 22.4% for Single Family homes and 40.7% for Condominium homes. Pending Sales increased 10.1% for Single Family homes but decreased 9.8% for Condominium homes. 



Median Sales Price increased 13.3% to $1,300,000 for Single Family homes and 7.3% to $880,000 for Condominium homes. Days on Market increased 4.1% for Single Family homes but decreased 14.7% for Condominium homes. Springtime appears to have helped bring some sellers back to the market, providing additional options to home shoppers during this buying season.

Click HERE for the full April Market Report. 

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