The median price of a single-family home on Oahu rose 7.8 percent in October on a modest gain in sales, while condominium prices rose 8.5 percent, according to figures released Friday by the Honolulu Board of Realtors.
The median price of a single-family home on Oahu last month was $690,000, compared to $640,000 in October 2013, while the number of sales rose 2.8 percent to 298 homes sold from 290 homes sold during the same month last year.
The median price of an Oahu condominium in October was $352,750, compared to $325,000 in October 2013. Sales of condos rose 6.9 percent last month to 448 units sold from 419 units sold in October 2013.
The median price of both single-family homes and condominiums hit a record in June, when the median prices hit $700,000 and $363,000, respectively.
Bill Cresenzo Reporter – Pacific Business News