During April, sales of 229 single-family homes and 379 condominiums were reported through the Board’s MLS, decreases of 19.6 percent and 6.7 percent, respectively, for single-family homes and condominiums from April 2010. The median price paid for island properties in April was $585,000 for single-family homes and $305,000 for condominiums, an increase of 3.5 percent for single-family homes and a 0.7 percent decrease for condominiums, compared to the same month last year. According to the Days on Market indicator, sales closed at a slower pace last month compared to a year ago with singlefamily homes listing for 34 days up from 26 and condominiums listing for 34 days up from 24.
“Median prices are holding pretty firm in the current Oahu housing market, at $585,000 and $305,000, in April,” sad Joyce Nakamura, President of the Honolulu Board of REALTORS®. “April’s data shows that there is enough demand, albeit lower than last year, to maintain our residential price levels. We continue to experience a stable environment for both buyers and sellers.”
The public is encouraged to visit the Board’s Internet web site at www.HiCentral.com to see what's
happening in the housing market. The public has the ability to search through Oahu single-family home and condominium listings, available for sale and for rent, and to see a comprehensive guide of homes that will be open to visit this Sunday. All searches can be done by geographic location, price range or both. HiCentral.com provides useful information about buying and selling real estate in Hawaii.