Maui real estate association: Normal market - Hawaii News Now - KGMB and KHNL

Maui real estate association: Normal market

Residential sales decreased 7 percent Residential sales decreased 7 percent

WAILUKU, Hawaii (AP) - The Realtors Association of Maui says prices are rising in the county but sales numbers are lagging.

According to figures from the association, residential sales decreased 7 percent to 454 homes sold from January to June, compared to the same period last year. Condo sales fell 3 percent to 656 units sold.

The median price for a Maui home increased 7 percent to $575,000 and the condo median price was up 13 percent to $422,750.

Association Chief Staff Executive Terry Tolman tells the Maui News the half-year totals signal a normal market.

The Central Maui region had the highest number of single-family home sales for the period with 133. Kihei has the highest total dollar volume at $70.3 million.

Tolman says bank-owned and short sales increased last month.

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