Oahu home sales dropped 3 percent in December - Hawaii News Now - KGMB and KHNL

Oahu home sales dropped 3 percent in December

HONOLULU (AP) - Sales of single-family homes and condominiums on Oahu saw a nearly 3 percent drop in December.

That's according to monthly statistics released Tuesday by the Honolulu Board of Realtors. There were 283 single-family homes sold on the island last month, compared with 291 for the same month last year. There were 390 condos sold, down from 401 in December 2012.

Board President Julie Meier says the small dip in sales is typical for this time of year.

The median price for a single-family home last month was $685,000, about 14 percent higher than in December 2012. The board says the price matches the market's all-time high.

The median price paid for a condo decreased 1.5 percent from Dec. 2012 to $330,000.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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