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August 2020, was the first month since March 2020, where the numbers of properties placed in escrow and the number of properties recorded exceeded the totals from that same month a year ago.

The Realtors Association of Maui reports that healthy housing demand and limited inventory will continue to create "significant tailwinds" in the near term for the housing market.

Year to date, Habitat for Humanity Maui has completed four homes in the Kahoma Residential Subdivision and is projecting to finish this development by the end of the year.

Home sale recordings increased 2% since April 2020, now accounting for 40% of the total transactions on Maui - condo sales at 54% and land sales at 6%. Pending sales also continue to increase since April 2020. 

The 68 lot subdivision features 10 homes built and sold by Habitat.  It is projected to be completed by the end of the year.

Despite this significant economic impact, home buyers remain extremely resilient. With mortgage rates remaining near record-low levels and home purchase mortgage applications up from a year ago, high buyer activity is expected to continue into the late summer and early fall market.