The overall median price of a single-family home on Oahu dipped by 1% as compared to the same time last year. Last year at this time a single-family home was going for around $575, 000. This time around single-family homes are going for $570,000.While median home prices are down some, the actual volume of home sales rose 2.3% to 181, up from 177 the same month last year.Condo numbers on Oahu are quite different, as the median sales price climbed 7% to $320,000 while the number of units sold jumped 20.9%. All of this according to the Honolulu Board of Realtors.Honolulu Board of Realtors President Joyce Nakamura says “February is historically the lowest sales month of the year.” Right now is still a great time to purchase a new home, as there is a renewed spirit within the marketplace.
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