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Big Island Market Update May 2023

The Big Island real estate market was a mixed bag in May. Sales activity for single-family homes showed strong demand, with properties selling 12 days faster than the previous month. However, the days on the market continued to increase for condos, reaching 43 days compared to 33 days for single-family homes. Across the island, the lack of inventory for sale remains evident, as there were 34% fewer listings this month (268) compared to last year (407). On the Big Island, the real estate market often experiences increased activity thoughout the summer months, so be on the lookout for more competition among both buyers and sellers.

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