According to the Realtors Association of Indian River County housing report released Friday, 162 existing single-family homes sold in April, up from 139 during the same period last year.
The median prices dropped to $181,250 from $217,400 in April 2007.
Indian River’s condominium sales mirrored the single-family market. Realtors sold 68 units in April, up from 42 in April 2007.
The median price decreased to $132,750 from $165,750 in April 2007.
“There’s no question that the reduction in prices helped spur the sales, but it may also be linked to the consumer’s expectations with the housing market,” said Richard Hope, past president of the Treasure Coast Builders Association and president of The Hope Co., a Vero Beach general contractor.
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