The Sun Sentinel reports that median house prices in the U.S. fell for the first quarter of 2008, compared to the same time period last year - a trend reflected in Broward and Palm Beach counties in southeast Florida. The median of house prices refers to the point where half of properties were priced above, and half below.
So what where the actual statistics? Broward county saw a 15% fall to a median house price of $311,100, whilst Palm Beach county had a fall of 12% to $334,500. To put this in perspective, the whole of the U.S. saw a fall of 7.7% to a median house price of $196,300. By these figures, it appears that prices in some areas of southeast Florida are falling faster than the rest of the country!
Go check out the article and, more interestingly, check out the comments on it from local residents. Sure, there's some stupid comments, but for the most part it's quite a healthy debate!
Article: Median home prices fall in Broward, Palm Beach counties (13th May 2008, Sun Sentinel)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment