During May of this year, the number of single-family houses sold increased by 13.5% and condominium sales rose by 13.2% compared to May of 2016. Median sales price for single-family saw a 3.6% rise to $745,000, while condominiums rose 9% to $406,500 from the same time last year.

“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.