HONOLULU -- The number of single-family homes and condominiums sold on Oahu in January dropped compared to December, but the median prices for homes climbed, according to the Honolulu Board of Realtors.

The median price for single-family homes resold in January jumped $47,500 to $597,500, compared to December's median price. That is an 8.6 percent increase over the month and a 10.8 percent increase over the same time last year.

Despite that increase, the number of single-family homes sold last month dropped from 265 in December to 162 in January.

Sellers of condominiums on Oahu also saw a drop in the number of units sold, from 349 in December to 227 in January. The median price for condos dipped only $1,000 to $299,000.

Oahu Median Resale Prices
Month, Year	Single-Family	Condominium
January 2010	$597,500	$299,000
December 2009	$550,000	$300,000
October 2008	$590,000	$320,000
October 2009	$605,000	$295,000
September 2009	$600,000	$305,000
August 2009	$566,000	$290,000
July 2009	$595,000	$312,000
June 2009	$569,000	$310,000
May 2009	$550,000	$305,000
April 2009	$585,000	$310,000
March 2009	$600,000	$305,000
February 2009	$555,000	$297,000
January 2009	$539,500	$305,000

The number of properties sold in these transactions do not include new home sales of housing developments.

Oahu Resale Volume
Month, Year	Single Family	Condominium
January 2010	162	227
December 2009	265	349
November 2009	249	407
October 2009	281	381
September 2009	244	345
August 2009	247	351
July 2009	265	327
June 2009	254	293
May 2009	225	263
April 2009	189	256
March 2009	188	248
February 2009	129	160
January 2009	122	159