The Honolulu Board of REALTORS® released resale figures for the month of May. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are:
Single Family Home Resales
| Number of Sales | This Month Compared To Prior Year | Median* Sales Price | This Month Compared To Prior Year | |
| May 2010 | 284 | +31.5% | $606,000 | +11.8% |
| May 2009 | 216 | -12.2% | $542,000 | -15.8% |
| May 2008 | 246 | $644,000 |
Condominium Resales
| Number of Sales | This Month Compared To Prior Year |
Median* Sales Price
|
This Month Compared To Prior Year | |
| May 2010 | 355 | +35.5% | $312,500 | +4.2% |
| May 2009 | 262 | -28.6% | $300,000 | -11.2% |
| May 2008 | 367 | $338,000 |
*Median price means half the prices were above and half below the given price.
During May, sales of 284 single-family homes and 355 condominiums were reported through the Board’s MLS, an increase of 31.5 percent for single-family homes and an increase of 35.5 percent for condominiums, compared to the same month last year. The median prices paid for island properties in May was $606,000 for single family homes and $312,500 for condominiums, an increase of 11.8 percent for single-family homes and an increase of 4.2 percent for condominiums from May 2009.
