Honolulu housing recovery tops nation
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Sales of single-family homes jumped 9.5 percent to 266 in May from 243 in 2012. Clusters of homes are seen on Wilhelmina Rise.
Home price recovery in Honolulu is the top-gaining in the U.S., according to Homes.com.
The real estate website’s new Local Market Index for mid-sized markets show’s year-over-year recovery in the Honolulu market with a 23.67 index point increase.
Honolulu’s index tops several California markets including Los Angeles-Long Beach-Santa Ana at 21.43; San Francisco-Oakland-Fremont at 20.52; and San Diego-Carlsbad-San Marcos at 19.44 index points. The California markets were among the top five.
Homes.com calculates the Local Market Index using sales data on the same houses over time, enabling side-by-side comparison on the same property.
