HONOLULU (AP) – Single-family Oahu home sales dropped 10.8 percent last month compared to the same time last year while condo sales saw a 2.1 percent increase.
Data released Monday by the Honolulu Board of Realtors also show the median sales price of a single-family home in March was $625,000, a 13.9 increase from $548,500. However, the median condo price was $311,750, a 1 percent decrease from $315,000.
Board President Joe Paikai notes condo sales saw a dramatic 48.0 percent increase compared to February.
According to board data, single-family homes sold at a slower pace last month compared to a year ago with houses listing for 44 days. Condo sales were quicker at 39 days, down from 46.
(Copyright 2012 by The Associated Press. All Rights Reserved.)
See the original article at: KHON2 Developing Stories
