The Advertiser reported today on the housing stats that were released by the Board of Realtors this week.

"O'ahu's housing market appears to have established a firm footing toward recovery, with sales activity in March marking the third consecutive month that single-family home median prices rose over the same month last year."

"However, some observers wonder whether the improvements will continue after federal tax credits for home purchases expire at the end of this month, which is keeping some leaders of the industry from proclaiming that the market is rid of weakness in home prices."

The median price of single-family homes rose 4.2 percent to $599,000 from $575,000 a year ago. 
The number of homes sold was up 32.1 percent to 251 in March from 190 a year earlier.