Oahu Home Sales Slide - Hawaii News Now - KGMB and KHNL

Oahu Home Sales Slide

There's an apparent turn in the housing market.

1rst Quarter statistics released by the Honolulu Board of Realtors indicate the market is starting to cool.

In the same quarter last year there were 976 homes sold that compares to this quarter with 943 homes sold. Down 3.4%

There were 1,772 Condo sales in the 1rst Quarter of 2005. This year there have been 1,687 sales. Down 4.8%.

The Median Sales Price is $625,000 compared to $529, 100 last year.

Carla Young, a Leeward Realtor showing homes in Aiea today, says she has seen signs the market is slowing and some developers have even lowered their prices.

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