Official October 2010 Maui Real Estate Statistics

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The Realtors Association of Maui posted their official October 2010 Maui Real Estate Statistics this week. There were no additional sales reported above and beyond what I had reported in my “Unofficial October statistics” earlier this month. That being said, the official statistics provide some community level granularity and additional historical sales data for context. I also like looking at the table in the introductory commentary that compares the current inventory to previous months. Increases and decreases in inventory may have an impact on pricing. It appears that Maui’s inventory is continuing to shrink after ballooning in 2008-2009 when the pricing free fall was at it’s worst. While decreasing inventory generally bodes well for price stabilization, the fall is traditionally a time of contracting inventory on Maui. Sellers will often pull homes off the market or wait to list until we get closer to the start of our “buyer season” around the holidays. We also saw some of the bank owned inventory pulled off the market last month due to the ongoing “robo-signing” issues. It will be interesting to see what happens with inventories over the next couple of months. Without further ado, here is a link to the Official October 2010 Maui Real Estate Statistics.

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