The months of remaining inventory in both markets are significantly lower than January of 2012's numbers. Single family homes have 2.3 months remaining, a 55.8% decrease. Condominium market has 2.7 months remaining, a 42.6% decrease. This graphs above shows a break down of the inventory according to price range.
Paul Brewbaker, TZ Economics
Are you anticipating a $1,000,000 median price in the next few years? Will you be able to afford a median sales price in that range? What if the mortgage interest rate doubles or triples from the extremely low current rates?
Honolulu Board of REALTORS® January, 2013 Statistics [PDF]
Rick Nakama, REALTOR® GRI SFR SRES