Maui Market Update July 2022
The Maui real estate market is finally showing signs of a “return to normal” as median prices
declined slightly from last month’s record highs. Even as prices lower, they remain 5% higher
for single-family homes and 10% higher for condos than at the same time last year. While it is
tricky to predict the future, we don’t expect a steep decline in home values any time soon as
inventory continues to be tight and both the tourism demand and labor market remain strong. A
return to pre-pandemic levels would equate to a nearly 45% decline from current home values!
