The Real Deal Miami

Prices keep dropping in Miami-Dade

August 17, 2009 11:21AM

August figures from show that 27 percent of sellers dropped listed sales prices on homes and condos. The average cut was 15 percent, representing a $749 million drop in the total value of properties for sale, the company said. In Broward County, 23 percent of buyers dropped asking prices by an average of 14 percent. That shaved about $312 million from total sales value, said.