National: Despite improving affordability conditions, U.S. existing-home sales declined 8 4% to a seasonally adjusted annual rate of 3 91 million, a 4 4% drop from one year earlier, according to the National Association of REALTORS® (NAR). The slowdown followed a 5.1% increase the previous month and modest gains throughout the fall. Sales retreated month-overmonth and year-over-year in all four regions
Nationally, the median existing-home price inched up 0.9% year-over-year to $396,800, a new high for the month, NAR reported. Home prices have continued to rise across much of the country, in part due to low supply, which remains below prepandemic levels Total housing inventory stood at 1 22 million units as of the most recent reading, up 3.4% from one year earlier, representing a 3.7-month supply at the current sales pace.
Maui: New Listings decreased 20.0 percent for Single Family homes and 7.6 percent for Condominium homes. Pending Sales increased 22.8 percent for Single Family homes and 63 0 percent for Condominium Inventory increased 4 4 percent for Single Family homes and 7 5 percent for Condominium homes
Median Sales Price decreased 10.4 percent to $1,250,000 for Single Family homes and 11 7 percent to $847,500 for Condominium homes Days on Market increased 23 8 percent for Single Family homes and 5 3 percent for Condominium homes Months Supply of Inventory increased 4.1 percent for Single Family homes and 0.7 percent for Condominium homes.
