There are some recent indications that the national real estate market may be nearing a bottom. The top chart shows 20 years of the Price to Household income. This is one of those calculations where the higher the number the less affordable housing is. With the ratio at the moment now nearing historical norms this indicates the bottom of the real estate market may be close. The second chart shows how existing home inventory is retreating off all-time highs, also good news.

What does this mean for Maui Real Estate? Two things. First it means that pricing may be returning to affordable levels and second that while that is happening the available inventory is still somewhat high. That in turn means that the choices for buyers are varied. Lower prices? Low interest rates? Lots of available choices? Sounds like a very good time to consider moving on this market.