Oahu home sales rebound in March

Source:  Pacific Business News

Oahu home sales began to come back in March, while prices nudged back up from lower points in January and February.

There were 188 single-family homes sold on Oahu in March, up from 122 sales and 129 sales, respectively, during the first two months of 2009, according to the Honolulu Board of Realtors.

However, it was a third fewer than the same month in 2008, when 282 homes sold.

The median price of a single-family home was $600,000, down 4.5 percent from March 2008, when it was $628,000.

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