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The Honolulu Board of Realtors reported today that the median price for previously owned single-family homes slipped 2.9% in April to $766,750 from $790,000 in the same month last year while the same measure for condos edged up 0.7% to $418,950 from $416,000.
The small moves in median sale prices continue what has largely been a trend this year amid fewer sales and more inventory.
In April, the number of single-family homes sold bucked the trend by jumping 10% to 318 last month from 289 a year earlier.
The rise in single-family home sales last month ended a string of 11 straight months of year-over-year declines.
Condo sales sank 13% to 476 in April from 547 in the same month last year, and extended a string of consecutive months with year-over-year declines to nine.
For the first four months of the year, single-family home sales are down 1.4% and the median price is up a scant 0.2%. For condos, sales are down 11.2% and the median price is down 2.4% in the same period.
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