Maui County real estate statistics for October 2020. Chart Courtesy of REALTORS® Association of Maui
The REALTORS® Association of Maui released its October 2020 real estate statistics report that shows for this time of year buyer activity remains higher than normal while many segments of the market housing supply remains lower.
The Maui County real estate report can be access here: https://www.ramaui.com/wp-content/uploads/2020/11/RAM-Stats-Oct-2020.pdf
The report states multiple offers remain a common occurrence in many areas, keeping housing hot.
Mortgage rates dropped to new record lows again in October, helping to offset the monthly mortgage payment increases caused by the rise in home prices seen in many segments of the market across the country.
While prices often dip a bit in the winter months, continued buyer demand may temper any price retreats this year.