Oahu home prices hit 16-month high
HONOLULU - Median Oahu home prices last month reached their highest level in 16 months.
A Honolulu Board of Realtors report shows single-family homes sold in January for a median $618,900, an 8.6 percent jump from the same month last year. That's the highest level since $620,000 in September 2010.
However, the number of single-family home sales last month decreased 12.1 percent to 175 from the same period last year.
The median price for condos in January was $305,000, a 4.8 percent increase from January 2011. Condo sales increased 1.9 percent to 270 last month.
