Honolulu home sale prices down slightly in Dec. - Hawaii News Now - KGMB and KHNL

Honolulu home sale prices down slightly in Dec.

HONOLULU (AP) - Home sale prices in Honolulu were down slightly in December, but condominium sale prices were up by double digits.

The Honolulu Board of Realtors said Monday that the median price for a condominium in December was $335,000. That's up 17.5% over the median price in December 2011.

Single family homes on Oahu were sold at a median price of $600,000 in December, down 0.8% from $605,000 in December 2011.

Board President Kevin Miyama says the number of overall sales increased during a typically slower time in the market. He says that's a good indicator of continued recovery in the market.

For all of 2012, median prices were up 7.8% for single family homes and 5.8% for condos.

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