Median single-family home prices in South Florida dropped to 2003
levels in November, according to data from the Florida Association of
Realtors. In Miami-Dade prices fell 48 percent compared to November
2007, and in Broward home prices were down 34 percent. In Palm Beach County, prices fell 28 percent
year-over-year. But sales continued to rise as sellers cut prices and
banks sold off foreclosed homes. Sales of existing single-family homes
in Miami-Dade were up 39 percent in November compared to November 2007,
and sales in Broward were up 26 percent.
Trending
Home prices drop to 2003 levels in November
Recommended For You