O'ahu median home prices fall
The Honolulu Board of Realtors reports that the November median price for an Oahu home fell 4.8% from last year. The median is at $610,000, down from November 2005's median of $640,500. This is the first drop since the late '90s.
On a year-to-date basis, sales of single family homes are down 14.1 percent from the first 11 months of 2005. Condo sales were down 20.5 percent during the same period.Condo prices rose yet again, but volume of sales declined 19.1% for homes and 32.5% for condos from November 2005.