In the month of March there were 282 single family homes that sold and 392 condos according to the Honolulu Board of Realtors MLS. That was a decrease of 14.5% for the number of single family homes sold compared to the same month last year and a 27.5 % decrease for condos for the same comparison. There were 673 single family sales for the first ¼ of 2008, representing a 22.2% decrease compared to a year ago. There were 1,037 condo sales for the first ¼ of 2008, representing a 23.8% decrease compared to a year ago.
The median single family home sale price was $628,000 a decease of 2.4%. The median condo sales price was $329,300, an increase of 2.4%. The actual sales prices do not seem to being affected as the number of home sale so far.