Inventory hits new low for Maui homes Median of $895,000 the second highest on record for RAM
Inventory on Maui for single-family homes continues to dry up with February plummeting to a new historic low, according to a recent report.
Last month set a record low for single-family inventory at 214 units, according to data from the Realtors Association of Maui, which began compiling inventory numbers in 2010. The total — a 58.6 percent drop — is fewer than half of the 517 that were available the year before.
Meanwhile, median sales prices for single-family homes remained high at $895,000 — a 19.8 percent spike year over year. February’s median is the second highest on record for RAM, which has kept track of median prices back to 1993.
