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The Honolulu Advertiser

Updated at 12:43 p.m., Tuesday, October 3, 2006

O`ahu home prices inch higher in September

By Andrew Gomes
Advertiser Staff Writer

O'ahu median single-family home resale prices managed to eke out another gain last month, rising 0.8 percent, or just $5,000, from a year earlier to $620,000, the Honolulu Board of Realtors reported.

The rise was the slimmest this year, and follows a slowing trend for prices that are rising more slowly but have yet to decline in any month this year when compared to the same month last year.

The number of sales fell 19.9 percent to 359 in September compared with a year earlier.

The condo market was stronger in prices but weaker in sales, as the median sale price rose 11.5 percent to $320,000 and the number of sales declined 37 percent to 481.

Reach Andrew Gomes at agomes@honoluluadvertiser.com or 525-8065.