All-time high for single-family homes set Report: Median sales prices reach $980,000
Maui County single-family home median sales prices in January reached an all-time high of $980,000, according to Realtors Association of Maui data that goes back to 1993.
January’s single-family median sales price increased 26 percent year-over-year, a RAM report published Monday showed. The previous record of $867,500 was set in October. December and November came just shy at $859,000 and $852,500, respectively.
RAM President Joe Hogin on Monday said low inventory and high competition have continued to drive up prices.
“It’s the same factors we’ve been going through,” he said.