Maui Market Update June 2022

Even with a slowdown in sales activity, the Maui median sales prices continued to push
higher in June, setting new record highs for single-family homes ($1.255M) and condos
($832.5K). Looking ahead, rising mortgage interest rates and wavering consumer sentiment
about the economy as a whole will put pressure on the Maui housing market, however, any
pullback is anticipated to be modest at this time as demand simply outweighs supply.