For the state of Hawaii as a whole, the number of sales remains the same for single-family homes but are up 5% for condos when compared to last month. Median condo prices are down 12% when compared to May2015, and down 8% from a year ago. Statewide, it took a median of 36 days to sell a single-family home and 29 days to sell a condo.

For the state of Hawaii as a whole, the number of sales are up 19% for single-family homes and are up 8% for condos when compared to last month. The numbers show that median single-family home prices are down 5% when compared to last month and up 5% when compared to April 2014. Median condo prices are down 3% when compared to March, and up 5% from a year ago. Statewide, it took a median of 35 days to sell a single-family home and 30 days to sell a condo.

Current rate borrowers have been quoted an average interest rate of 3.58% on Zillow’s Mortgage Marketplace in the week that ended Tuesday, down from 3.72% last week.

We are pleased to share some exciting news that marks a new era for our company: we have decided to change our name back to Locations LLC. The new Locations will continue to operate as a multi-faceted real estate company, and will no longer be affiliated with Prudential Financial, Inc. This decision enables us to return to the much-beloved name that catapulted our company to become Hawai‘i’s best and largest real estate firm.