The median price for a single-family home on O'ahu rose slightly in December from the same month a year ago, but for all of 2008 the median price was down 3 percent from 2007, the Honolulu Board of Realtors reported today.

The median price rose to $626,500 in December, up 2.7 percent from December 2007 and up 5.4 percent from November.

A total of 194 homes were sold in December, down 19.2 percent from a year earlier. For all of 2008, there were 2,741 homes sold, down 26.1 percent from 2007.

The median price for a condominium fell to $305,000 in December, down 4.7 percent from December 2007, and down 3.5 percent from November. For all of 2008, the median condo price was $325,000, unchanged from 2007.

A total of 243 condos were sold in December, down 31.2 percent from a year earlier. For the entire year, 3,933 condos were sold, down 28.5 percent from 2007.