Case-Shiller Index Tiered Value for Miami/Fort Lauderdale
The index through December shows continued rapid decline in the “high tier” (lime green line). More valuable homes withstood the decline early in the changed market but forces seem to be catching up now.

The statistical references used for High/Medium/Low have changed as follows from the peak in 2006:

While difficult for many sellers, the continued downward pressure on the average price of a home will improve the affordability of our market and hopefully lead to a more vibrant real estate environment.