Oahu’s residential real estate market showed further signs of stabilizing in September, with sales volumes and prices for both single-family homes and condominiums rising from the same month a year earlier.

The Honolulu Board of Realtors reported that 244 single family homes sold in September at a median price of $600,000. That was up from 215 homes sold at a median price of $590,000 a year earlier.
For condos, there were 345 sales in last monthly at a median price of $305,000. That was up from 305 sales at a median price of $296,000 in September 2008.
However, sales for the first nine months of this year still lagged the same period a year ago. There were 1,788 single-family homes sold year-to-date, a decrease of 16.2 percent from the first nine months of 2008. The median sales price of a single-family home from January through September was $575,000, down 8 percent from the same period last year.