Sales up on Oahu for existing single-family homes, condominiums
By APThursday, July 8, 2010
Sales up on Oahu for existing housing
HONOLULU — Honolulu Board of Realtors President Brian Benton says the latest sales figures for existing housing show Oahu’s real estate market continues to recover.
The board reported Wednesday that June saw 285 single-family homes trade hands, an 8.4 percent boost over June 2009. It says the 396 condominiums sold last month represented a 38 percent jump.
The median price paid for homes last month was $575,000, compared with $570,000 in June of last year. At the same time, the median price for condos dropped 3.2 percent to $300,000.
The board also reports sales closed faster in June with single-family homes listing for 32 days, down from 48 days, and condominiums down to 31 days from 47.
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