Maui Sales

Hawaii Real Estate

Maui land For Sale

Home Sales Up

First Time Home Buyers are back on the Market and Home Sales are Up

Last month existing home sales increased by 1.1% nationally, this rise is attributed more first time home buyers re-emerging in the market and fewer investor sales.  33% of sales last month were to first time home buyers, that is the most we’ve seen in the last 4 years.  The increase in first time home buyers can be credited to sustained job growth and low mortgage rates, especially in the South and Midwest.

However, inventory is still quite low across the country and prices are expected to rise. Nationally median home prices have increased 4.8% from June of last year.  June unsold inventory is at a 4.6 month supply, down from a 4.7 month supply in May.  Average days on the market is 34 days, uncahnged from last year.  Foreclosurea and short sales are down 2% from last year.  Cash sales still comprise 22% of the market, uncahnged form last year.

Tags

About The Smith Team

Ken Smith, a Maui resident for 45 years, brings his extensive local knowledge and passion for the island to his successful real estate career. Alongside his daughter-in-law, Melissa Smith, and Greg Smith, the Smith Team provides a wealth of experience and dedication to clients seeking to buy or sell property in Maui.

Melissa Smith, a third-generation Maui native, combines her deep understanding of the island's growth with a commitment to exceptional service. She empowers clients with knowledge to make informed decisions in finding their dream homes. With a background as a top agent and a Broker's license, Melissa's expertise is invaluable.

Gregory P. Smith, a lifelong Maui surfer, channels his passion for the island and its natural beauty into his real estate profession. His enthusiasm, deep market knowledge, and dedication to exceeding client expectations make him an exceptional agent.

The Smith Team's combined local expertise, commitment to client service, and understanding of the unique Maui real estate market make them an ideal choice for those looking to navigate the island's property landscape. Their proven track record ensures a smooth and successful experience for both buyers and sellers.

×
×