Maui Real Estate Blog
Official 2010 November Maui Real Estate Statistics
The Realtors Association of Maui (RAM) posted their official statistics for the month of November earlier this week. There were no additional sales reported beyond the numbers I posted in my Unofficial Maui Real Estate Statistics last week. The official stats offer more granularity with median prices and volume presented at a community level. It also provides some additional historical context with sales data stretching back to January of 2005. The other metric I like to follow in the official stats is presented in the RAM executive summary. RAM executive Terry Tolman tracks the inventory of homes, condos and land every month. Home inventory went down slightly, while the inventory of condos and land increased a little. This is going to be an interesting statistic to follow over the next few months. Anecdotal evidence suggests that we are seeing more buyer activity. Will this cause inventory to go down? Will increased buyer activity be offset by increases in foreclosure inventory? Will we see more sellers entering the market after waiting out the doldrums? These are important unanswered questions as overall inventory numbers are going to ultimately be a significant factor in what happens to prices. With all that being said, here is a link to the Official November 2010 Maui Real Estate Statistics. Contact us with questions or for assistance buying or selling Maui Real Estate.