Absolutely no interpretation from me needed.  The Hawaii housing market speaks for itself.  Look at the low inventory of homes for sale, and the high number of pending sales.  

Inventory - Down 13.3% to 3823 total properties for sale. 

Single Family Residences - 1674 down from 1928 last year. 

Condos - 1754, down 16.1% from 2090 condos for sale last year. 

Months of supply down 30.1% to 6.4 months of inventory. 

And even while inventory is way down, look at how the number of sales...