Oahu Housing Sales Surge in May, 2017

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“Summer is typically the peak of housing sales and this year we’re off to a great start with May bringing near-record closed sales,” said Sue Ann Lee, president of Honolulu Board of REALTORS®. “Single-family home sales were the highest we’ve seen since August 2013 and condominiums are up by double digits. With the continued demand for housing and limited inventory, it’s not surprising that pending sales quickly translated to closed sales from eager homebuyers in all price ranges. We anticipate a high number of closed sales in the coming weeks as pending single-family home sales are up by 37.7% and condo sales are 25.3% higher than last May.”


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