The Honolulu Board of Realtors released resale figures for the month of December.
According to the report, sales of 268 single-family homes and 333 condominiums were reported, a decrease of 14.1 percent for single-family homes and a decrease of 6.5 percent for condominiums compared to the same month last year.
This brings total single-family home sales on Oahu to 2,974 for the year of 2011, a decrease of 2.7 percent over one year ago.
Total condominium sales through December were 4,029, a 1.3 percent increase from last year. The median price paid for island properties in the year of 2011 was $605,000 for single-family homes and $285,000 for condominiums, an increase of 3.4 percent and a decrease of 6.5 percent from December 2010.
According to the Board, single-family home sales closed at a faster pace last month compared to December 2010 listing for 35 days, down from 38.
Condominiums closed at a slower pace last month compared to December 2010 listing for 52 days, up from 43.
See the original article at: KHON2 Developing Stories
