Oahu median home price down in February

Condo market up 8% last month

Published  11:23 AM HST Mar 07, 2013

The Honolulu Board of Realtors say the median price of single-family homes on Oahu were down 4 percent to $600,000 in February, compared with the same month on year ago.

The board said in monthly statistics Thursday that there were also fewer sales last month than in February 2012.

The condominium market, however, is up. The median sales price of condos in Honolulu was up nearly 8 percent in February to $340,000 in Honolulu, with nearly 23 percent more sales.

Oahu has seen 12 percent more condo sales for the first two months of 2013, with median sales prices up 6.6 percent to $330,000. The median price of single-family homes is down 2.6 percent for the year.

Board President Kevin Miyama says February is typically a down month in Honolulu.

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