Many leading indicators last month from the Honolulu Board of Realtors statistics show our market on Oahu has been heating up for the summer.
Selling More: Single family home sales were up 31.5% in May and condo sales were up 35.5% compared to 2009.
Selling Faster: Homes only took 27 days on the market to sell, while condos took 28 days on the market. This is a big difference from 47 and 52 days, respectively, in 2009.
Higher Prices: The median sales price for homes was up 11.8% to $606,000 and condo prices were up 4.2% to $312,500.