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The Honolulu Advertiser
Posted on: Wednesday, December 2, 2009

Oahu home & condo sales soar in Nov. but prices still soft

Advertiser Staff

Sales of existing homes on Oçahu spiked last month, rising 47 percent for single-family homes and 103 percent for condominiums compared with the same month last year. Prices, however, remained soft.

There were 249 single-family homes sold in November vs. 170 a year earlier, according to data from the Honolulu Board of Realtors. The median price, which is a point at which half the sales were for more and half for less, was down 1 percent to $590,000 from $594,500.
Condo sales more than doubled to 407 last month vs. 201 a year earlier. The median sale price was $320,000, up 1 percent from $316,200.