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Oahu home sales rise, prices fall

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Sales of single-family homes and condominiums continued to strengthen on Oahu in September, although prices softened when compared to year-earlier levels.

The Honolulu Board of Realtors said there were 284 single-family homes sold on Oahu last month, up 4 percent from September 2010. The median sales price dropped to $570,000 in September, an 8 percent decline from $620,000 the same month a year ago.

Sales of condominiums posted a 19 percent gain, rising to 364 in September from 306 a year earlier. The median price slipped to $316,500, a 4 percent decline from $330,000 in September 2010.

It was the second month in a row that sales of Oahu single-family homes and condominiums rose on a year-over-year basis.

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