Honolulu Real Estate Market Stats May 2016

slow but steady growth

During May 2016, sales of single-family homes increased by 3.2 percent compared to May 2015, while condominium sales increased by 6.0 percent compared to May 2015.

The median price paid for single- family homes in May 2016 increased by 3.0 percent from the same month last year to $719,000.

The median price for condominiums decreased by 0.5 percent from May 2015 to $373,000. According to the Days on Market indicator, the median days on market for single-family homes and condominiums was 17 and 15, respectively.

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