Oahu single-family home prices rebounded again in March; however, condominium prices fell and sales declined across both categories.

The Honolulu Board of Realtors today released sales data that showed a near double-digit drop in single-family home sales, which fell 9.5% to 276. Condominium resales also declined by 3.7% to 467.

Results were mixed for median prices, the midpoint where half of the homes were sold above and exactly half were sold below. The median price paid for a single-family home rose 3% to $782,500. But the median price for a condominium resale fell 1.4% to $429,000.

“Oahu’s housing market remains healthy as the spring season begins, and there are favorable opportunities present,” said Jenny L. Brady, president of the Honolulu Board of Realtors, in a statement. “Inventory levels have been rising steadily, offering more options at all price ranges. That, coupled with the recent decline in mortgage rates creates opportune circumstances for buyers.”

Total active listings of single-family homes increased by 33.6% and condominiums were up by 23.3% over the same period last year. And, the listings kept coming with newly-listed single-family homes rising 12.8% and condominiums increasing by 3.6%.

Single-family homes spent an average of 24 days on the market, while it was just 22 days for condominiums.