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Home sales on Maui slumped last month by about 20%, according to trade association data released this week.
A report from the Realtors Association of Maui said the number of single-family home sales fell 17% to 76 in April from 92 in the same month last year, and the number of condominium sales sank 22% to 137 from 176 in the same period.
Median prices were mixed. Single-family homes sold for a median $819,500 last month, up 13% from $725,000 a year earlier. The condo median sale price dropped 13% to $440,000 from $506,113.
Maui’s trade association for real estate agents includes previously owned and new homes in its report.
The median price is a point at which half the homes sold for more and half for less.
HOME SALES
The number of homes sold on Maui in April with the median price and percentage change from the same month last year.
HOMES
Sales / Median price
2019 76 $819,500
2018 92 $725,000
Change -17.4% 13.0%
CONDOS
Sales / Median price
2019 137 $440,000
2018 176 $506,113
Change -22.2% -13.1%
Source: Realtors Association of Maui
