​Maui housing prices saw double-digit growth in May, bolstered by strong demand

The median price for single-family homes and condominiums on Maui jumped 12.4 percent and 13.5 percent, respectively, in May from last year, caused by low housing inventory, according to a report by the Realtors Association of Maui. For single-family homes, the median price was 700,000 last month, up from $622,500 in May 2016, while inventory of homes for sale dropped 12.1 percent to 528. For condominiums, the median price was $479,000, compared to $422,000 last year, with inventory down 21.5 percent…

from DIYS http://ift.tt/2sVXJd4