Updated at 3:03 p.m., Wednesday, April 11, 2007
O'ahu median home price flat at $625K in 1st quarter
Advertiser Staff
Prudential Locations LLC reported that the median price for single-family homes resold on O'ahu during the first quarter was unchanged at $625,000 compared with the same quarter last year.The real estate firm reported a 2.7 percent increase in the median condominium resale price to $317,250.
The median is a point at which half the sales were for more and half for less.
Fewer single-family homes sold in the January-to-March period — 841, a 7 percent decline from a year earlier. Condo sales fell 17.5 percent to 1,324.
Prudential tabulates sales based on the month in which transactions close, typically resulting in slightly different figures than data from the Honolulu Board of Realtors, which reports sales in the month agents report them.
