Released: July 7, 2010   HONOLULU – Strong sales continued in Oahu's residential real estaet market in June according to resale figures released today by the Honolulu Board of REALTORS®.  According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are: June 2010 Residential Resales Statistics for Oahu Single Family Home Resales     Number of Sales This Month Compared To   Median* Sales Price This Month Compared To   June 2010 285     $ 575,000     May 2010 287      $ 606,000      June 2009 263 up 8.4%   $ 570,000 up 0.9%   Condominium Resales     Number of Sales This Month Compared To   Median* Sales Price This Month Compared To   June 2010 396     $ 300,000     May 2010 361      $ 312,500      June 2009 287 up 38.0%   $ 310,000 Down 3.2%   *Median price means half the prices were above and half below the given price.   During June, sales of 285 single-family homes and 396 condominiums were reported through the Board's MLS, an increase of 8.4 percent for single-family homes and an increase of 38.0 percent for condominiums, compared to the same month last year. The median prices paid for island properties in the month of June was $575,000 for single-family homes and $300,000 for condominiums, a increase of 0.9 percent for single-family homes and a decrease of 2.2 percent for condominiums from June 2009. According to the Days on Market indicator, sales also closed faster in June with single-family homes listing 32 days, down from 48 days, and condominiums down to 31 days from 47. "The June statistics show that Honolulu's real estate market continues to recover," said Brian Benton, President of the Honolulu Board of REALTORS®. "Median prices for both single-family homes and condominiums are higher than this time last year, and pending sales for single-family homes are also up and should be reflected in the sales numbers over the next couple of months."   ** Information courtesy of Honolulu Board of REALTORS.