The Honolulu Board of Realtors reported that the median price for previously owned single-family homes sold last month was $635,000, up from $625,000 a year earlier but down from $660,000 in July. A record was set in May at $668,300.

For condominiums, the median price was $305,000, up from $282,000 a year earlier but down from a record $329,000 in July.

The number of sales was dramatically lower, falling 23 percent to 351 for single-family homes, and falling 30 percent to 580 for condos.

The sharp decline in transactions combined with soft prices resulted in a drop in year-to-date total dollar volume for the first time this year.

During the first eight months of the year, total dollar volume from sales was down 2 percent, or $95 million, to $3.82 billion compared with the same period last year.