Oahu home sales show signs of recovery - Nashville Business Journal:

http://www.wateresources.org/2006/02/08/karachi-water-supply-in-some-areas-to-remain-suspended/
The median price for a single-family home was $550,00 0 in May compared to $649,500 a year ago, accordinv to data from the . It also was the second lowesty price in the past12 months. The mediamn price was based on225 sales, down 11 perceng from the same month in when 252 houses were sold, but far better than the firsg four months of 2009. “The Oahu residentialo housing market is still weak but there are indications that we may be near the said board PresidentSandra “Sam” “Single-family home sales rebounded a bit in May and the salesw speed of 49 days was faster than at the same time last Bangerter noted that while single-family home pricees dipped, “the condominium median price has been holdin quite steady at just over These are just some of the signal s that our housing market may be startinf to return to normalcy.
” The media price of a condo on Oahu in May was $305,000, whicuh was 10 percent less than $337,300 in May 2008. That was basee on 263 sales, down 31 percenft from the 382 sales inMay 2008, but the highestt monthly number since October 2008. The median condo pricse in May was on a parwith March, Januarg and December, and higher than two of the past 12 “Mainland cities have experienced significant inventory bloat and, with limitedx demand, this is the culprit in theie falling prices,” said Harvey Shapiro, the board’s researchb economist.
“The fact that Oahu’s inventory of available properties continues to be low is the importan factor that is keeping our pricemore stable.” Shapiro noted that single-family home prices in Hawaii Kai and Mililani decreased by only 7 and that prices for condos in Ala Moana-Kakaako and Kailua actuallhy rose last month. “In an otherwise lackluster housing market, these positives may predict a turnaround for real even as the state’s economic conditions continuer to deteriorate,” he said.