The latest stats are out from the Honolulu Board of Realtors for March, summarized as follows:
There were 282 Single Family Homes sales in March of 2008 vs. 330 in 2007 for a 14.5% decline in number of sales. The median sales price last month for a Home was $628,000 vs. $643,500 in 2007 for a 2.4% decline.
There were 392 Condo sales in March of 2008 vs. 541 in 2007 for a 27.5% declilne in number of sales. The median sales price for a condo was $329,000 vs. $321,000 in 2007, which was a 2.6% increase.
Bad news= number of sales down drastically (not good for Realtors)
Good news= prices have held well relative to rest of the United States (good for homeowners)