The Real Deal Miami

State’s housing market bottomed in 2009: Florida Realtors report

September 19, 2012 12:00PM

The Sunshine State’s housing market reached its nadir in 2009, according to a report from John Tuccillo, chief economist at statewide trade group Florida Realtors, the Palm Beach Post reported. The report is based on an index that showed sales prices dropping 43 percent from their 2006 highs by 2009. “Since then we’ve been sort of rocking along a bumpy road,” Tuccillo said. “It’s essentially been flat, but in this context flat is probably good news after the large run-up and drop.” [Palm Beach Post]