Howzit Howard - Home Sales

(HawaiiNewsNow) - The Honolulu Board of Realtors reports August home sales. In brief, more sales than last year, lower prices, but not down as much as on the mainland. 279 homes went to closing, up more than 20% from last year.

The median price was down 13%, but most still sold for more than half a million.

A year ago, most sold for more than 600 thousand.  More than 300 condos went to closing on Oahu last month, up 15% from the same time last year.

The median was 300 thousand, virtually the same as a year ago.

The median is the point at which half the sales were for more, half for less.

Honolulu Realtors report more than 400 new listings, a lower number than last year.

But pending sales are up 18%, with 350 home sales waiting to go to closing.

Days on market is down 11% from last year - 31 days on average, really short.