During April, sales of 229 single-family homes and 379 condominiums were reported through the Board's MLS, decreases of 19.6% and 6.7%, respectively, for single-family homes and

condominiums from April 2010. The median price paid for island properties in April was $585,000 for single-family homes and $305,000 for condominiums, an increase of 3.5% for single-family homes and a 0.7% decrease for condominiums, compared to the same month last year. According to the Days on Market indicator, sales closed at a slower pace last month compared to a year ago with single family homes listing for 34 days up from 26 and condominiums listing for 34 days up from 24.

"Median prices are holding pretty firm in the current Oahu housing market, at $585,000 and $305,000, in April," sad Joyce Nakamura, President of the Honolulu Board of REALTORS®. "April's data shows that there is enough demand, albeit lower than last year, to maintain our residential price levels. We continue to experience a stable environment for both buyers and sellers."

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