The Realtors Association of Maui released Official July 2011 Maui Real Estate Statistics earlier this week. There was only a slight change from my “Unofficial Stats” for July which I had posted the week prior. There was one additional home sale reported after I posted my stats. The official stats as always also include a little more historical data and more granularity with community level data. There is also some commentary from RAM executive Terry Tolman. As I have mentioned in previous “official stats posts”, Terry keeps data on the current inventory on the market. I have been following this data closely as shrinking inventory generally could eventually lead to price stabilization. A ballooning inventory can lower prices. There had been a pretty clear trend of shrinking inventory over the last year. This is the first time in a while we saw an increase in inventory amongst homes, condos and land listings. It will be interesting to see if this is just an anomaly or if we might see a reverse of recent trends. Contact The Maui Real Estate Team if you have questions on the market or if you need assistance buying or selling Maui Real Estate.
