“Low inventory and increasing demand are driving the 2017 market to new heights, with lower days on market despite rising prices. As competition is strongest during the summer months, we anticipate prices to continue to increase as buyers bid-up over the asking price of condominiums and single family homes."-Scott Higashi, CEO of Locations

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.