According to our MLS we had 338 Residential Solds for the Sount Hilo District of the Big Island of Hawaii in 2006. This means the market was absorbing about 28 Residential units a month in 2006.
Our current stats as of Today are:
- Total Residential Units Available: 172
- Number priced under $500,000: 104
- Number of 2007 Residential Solds at the end of April 2007: 74
The May 2007 data is not complete yet. If the trend continues, the market is absorbing 18 homes a month in the South Hilo Hilo District for 2007. The market absorbed 10 more residential units a month in 2006 then it is currently absorbing. In my opinion, it continutes to be a great time for buyers who wish to move to Hawaii and enjoy its unique culture and weather they will have much inventory to choose from.
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