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The Honolulu Advertiser

Posted at 9:58 a.m., Wednesday, January 10, 2007

Data provide more proof of O'ahu housing slowdown

Advertiser Staff

Home sales data released by the Honolulu Board of Realtors today provided more evidence that O'ahu's housing market is stabilizing.

The median sales price for single-family homes during the fourth quarter of last year was $620,000 down from $635,000 from the third quarter and unchanged from the fourth quarter a year earlier.

The volume of single-family home sales dipped to 935 for the fourth quarter, down 15 percent from 1,093 sales during the same three-month period a year earlier.

The median sales price for condominiums was $315,000 in the fourth quarter, unchanged from the third quarter and up from $300,000 during the fourth quarter of 2005. The volume of condo sales fell to 1,034 during the fourth quarter, down 27 percent from 1,783 sales in the same quarter a year earlier.