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Oahu's median home price drops 5 percent in May

By Star-Advertiser Staff

LAST UPDATED: 03:44 p.m. HST, Jun 07, 2013

The median price for a single-family home on Oahu dropped 5.1 percent in May to $630,000, but the number of homes sold was up 9.5 percent and the condo market was strong.

The Honolulu Board of Realtors reported today that sales of condominiums increased by 21.8 percent from May 2012. The median price for condominiums increased 5 percent from May of last year to $315,000.

“May was an especially strong month for condominium sales. Not only did we see both sales and the median price increase, but sellers also received, on average, 99.1 percent of their original listing price,” said Kevin Miyama, president of the Honolulu Board of Realtors.

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Hapa_Haole_Boy wrote:
Allie, shut your trap. I just know you're going to say something stupid. And no, Manoa is still not affordable for you, so leave for ND.
on June 7,2013 | 03:26PM
aomohoa wrote:
Nip it in the bud Hapa_Haole_Boy, LOL!!
on June 7,2013 | 03:54PM
allie wrote:
on June 7,2013 | 04:31PM
Maneki_Neko wrote:
Shocker. Mortgage rates go up, prices go down.
on June 7,2013 | 05:14PM
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