New listings last month on Maui continue to remain below the number of new listings when compared to this time last year, down by 22%. Similar to neighboring islands, the number of sales have decreased when compared to this time last year.
READ THE MAUI MAY 2023 MARKET REPORT HERE.
In May, there were 74 single-family homes sold, which is up slightly from April when there were 57 sales. This represents a decrease of 26% when compared to May 2022. There were 89 condos sold last month on Maui, representing a 42% decrease compared to last year. This represents just a slight decrease when compared to April 2023 when there were 90 condos sold.
The average days on the market for single-family homes increased from 75 days in April to 88 days in May. This represents an increase of 14% when compared to this time last year. The average days on the market for condos decreased from 72 days in April to 62 days in May. This represents a decrease of 7% when compared to this time last year.
In May, the median sale price for single-family homes on Maui was $1,271,500, compared to $1,100,000 in April. This represents a 5% increase when compared to May 2022. For condos, the median sales price last month decreased slightly from $888,000 in April to $840,000 in May. This represents an increase of 17% compared to the previous year at this time.
View the May 2023 Market Report for Maui below. You can sign up for monthly reports by filling out your name and email or click “Skip” to continue to the report.
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