The median price for a single-family home on O'ahu was little changed in May compared with the same month a year earlier, although the volume of sales fell sharply.

The median home price edged down to $649,500 from $650,000 in May 2007, according to the Honolulu Board of Realtors. The May median prices was up 1.6 percent from $639,000 in April.

The number of homes sold dropped to 252, a 29 percent drop from 357 in May 2007, according to the report.

The median condominium price, meanwhile rose to $337,300 in May from $325,000 a year earlier. The volume of condo sales fell to 382, a 30 percent decline from May 2007.