HONOLULU (AP) – Home sales of single-family homes on Oahu fell by 9 percent last month.
The Honolulu Board of Realtors said Tuesday the number of sales was down to 223 from 245 the same month a year ago. But condominium sales rose 0.6 percent from 319 to 321.
The median price for a single-family home also fell by 2.3 percent to $579,000 from $592,000 in October last year.
Among condos, the median price rose by 1.7 percent to $305,000.
The organization’s president, Joyce Nakamura, says in a news release October’s numbers show a movement toward stability in the market. She says it’s encouraging to see there is no excess of inventory in the market and properties are selling steadily.
(Copyright 2011 by The Associated Press. All Rights Reserved.)
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