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Official January 2011 Maui Real Estate Statistics

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Yesterday, the Realtors Association of Maui (RAM) posted their official sales statistics for January 2011. Their numbers were similar to what I posted last week with my unofficial January 2011 Maui Real Estate Stats. There was one additional home sale bringing our total up to 54. The total for condos and land remained unchanged from what I originally reported. The official stats provide a little more detail than my unofficial numbers with sales data also provided on a community level.The RAM stats include commentary from RAM executive Terry Tolman. One thing I I always hone in on in his commentary is the total inventory of properties remaining for sale. It was good to see the inventory shrink in all three property classes. We are going to need to see that trend continue for prices to stabilize. For a more detailed discussion of current Maui inventory, Billy did a nice analysis on inventory and absorption rate earlier in the week. Feel free to contact the Maui Real Estate Team with questions or for assistance buying or selling Maui Real Estate.

One Response to “Official January 2011 Maui Real Estate Statistics”

  1. Marisco says:

    “It was good to see the inventory shrink in all three property classes. We are going to need to see that trend continue for prices to stabilize.” As a buyer this is a worrying trend, as it means putting off buying once again. When inventory is low, choice is scant so the buying pool reduces. Squeezing inventory won’t necessarily stabilize prices, it’s more likely to delay the inevitable as buyers anticipate a build up.

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2/12/2011

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