Duane Shimogawa | Reporter- Pacific Business News
May 7, 2013, 11:48am HST
The Oahu housing market continued to shine in April with double digit percentage increases in both the number of sales of condominiums and single-family homes, according to statistics from the Honolulu Board of Realtors.
The number of single-family homes sold in April jumped 29 percent to 280 homes, when comparing the same month last year, when there were 217 sales.
The median sales price of a home last month was $625,000, a 4 percent increase from April 2012, when the median sales price was $600,000.
Meantime, there were 33 percent more condos sold last month, compared to the same time period last year. In April, there were 457 sales, compared to 343 units sold in April 2012.
The median sales price of a condo last month was $335,000, 5 percent higher than April 2012, which had a median sales price of $319,000.
The brisk pace of homes and condos sold last month also outpaced last year, with homes on the market for an average of 23 days and condos on the market for an average of 19 days, according to the board’s days on market indicator.
“Compared to this time last year, the tremendous jump in total number of sales and a rise in median price for both single-family homes and condominiums shows the market is poised to make a strong comeback,” Honolulu Board of Realtors President Kevin Miyama said in a statement.