Maui Real Estate Market At Bottom?

Maui Real EstateWhile keeping a wary eye on Washington politicians and acknowledging U.S. and global economic turmoil, University of Hawaii economists nevertheless predict modest growth in 2012 in an annual Hawaii forecast released today.

Realtor Bob Hansen, who has been selling Maui real estate for 22 years, said Thursday that he believes that Maui’s real estate market has hit bottom.

“Prices are going up very, very slowly generally speaking,” he said, which is a trend he expects to continue. Hansen said there’s 20 percent less inventory now than there was a year ago, and when supply gets short, prices go up.

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