Oahu single-family, condominium sales saw decreases during typically sluggish month

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HONOLULU — Single-family and condo sales saw a decrease during what's typically one of the slowest months of the year for Oahu real estate.

The Honolulu Board of Realtors released resale figures Saturday for the month of January.

According to the data, there were 210 single-family homes sold last month, a 14.6 percent drop from January 2014. There were 286 condos sold — nearly 8 percent fewer than the same month last year.

Board President Jack Legal says sluggish sales are not surprising for January.

Despite the decrease in sales, median prices increased for both categories. The median price for a single-family home last month was $675,000, a 7.2 percent increase from January 2014. The median price for a condo was $381,500, a more than 19 percent increase from last year.

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