The November 2007 numbers for sold homes to date show an increase of 8% in home sales on Maui, a 5% drop of condo sales and an 11% drop on land sales.
The median home price is 10% lower than a year ago, the condos are up 6% in median price and the median land price is down 17%
The months it will take to sell the current inventory is the absorption rate and that number is 18 months for Upcountry Maui, 16 months for West Maui, 13 months for South Maui and 10 months for Central Maui.
