Oahu’s housing market last year posted another record for prices but not transaction volume despite buyers making a flurry of purchases in December.

The Honolulu Board of Realtors released data today for homes sold last month, which cemented annual figures that made 2016 the fourth consecutive year with record median sale prices.

In December, the median sale price for single-family houses ticked up 4.3 percent to $730,000 from $700,000 in the same month the year before.

For 2016 as a whole, the figures were about the same — a 5 percent rise to $735,000 from $700,000 in 2015.

Condominium sale prices were more subdued in December, with just a 1 percent gain to $390,000 from $386,250 in the same month the year before. The almost flat change was due to a relatively high price in December 2015.

For all of 2016, Oahu’s condo median sale price was up 8.3 percent to $390,000 from $360,000 in 2015.

One exceptional part of market activity in December was purchase volume. The number of single-family house sales jumped 14.8 percent to 341 from 297 a year earlier while condo sale volume surged 23.8 percent to 525 from 424.

Kalama Kim, president of the board and principal broker at Coldwell Banker Pacific Properties, said the strong gains occurred amid relatively flat inventory of homes available for sale.

“December is typically a slower month for home buying, but that wasn’t the case in 2016 and home sales ended the year on a strong note with double-digit increases for both single-family homes and condos,” he said in a statement.

The sale volume in December represented the second-highest for any month last year. In 2015, there were seven other months with more sales than there were in December.

Kim also said the number of sales pending at the end of December was up by around 15 percent for condos and 20 percent for single-family houses, which suggests that volume for completed sales in the next few months should remain strong.

For all of last year, sale volume for single-family houses rose 6.5 percent to 3,678 from 3,455 the year before. Last year was only the second consecutive year for higher sales, and the total remains far below the record of 4,702 sales in 2004.

The number of condo sales last year rose 8.4 percent to 5,449 from 5,028 the year before and marked a second straight year with a gain. The record was 7,990 condo sales in 2005.