Real Estate Statistics for May

Sales increases enjoyed earlier this year evaporated in May with continued downward pressure on prices. Sales were down 14.6% from April and 15.7% year-t0-date. Average prices declined 13.7% from April and 10.5% year-to-date.

source Realtor Association of Greater Fort Lauderdale

First Quarter Single Family Home Value Analysis

Single family home values appear to have fallen at an accelerated rate in the first quarter of 2008. The attached graphic presents the results for the Miami/Fort Lauderdale market using the Case-Shiller index.