Existing home sales in the U.S. saw a consecutive second-month improvement, surpassing economists' forecasts and registering the most significant monthly increase in a year, as reported by the National Association of REALTORS®(NAR). This uptick in home sales coincides with fluctuating mortgage rates and high sales prices, suggesting strong buyer demand as we head into the spring selling season.
On Maui, new listings surged by 24.3% for single-family homes and 38.8% for condominiums. Pending sales rose by 8.0% for single-family homes, while they dipped by 2.6% for condominiums. Median sales prices climbed by 13% to $1,300,000 for single-family homes and by 3.8% to $830,000 for condominiums. Days on market increased by 8.9% for
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