Visual for the Day- Real Estate Prices

-“PRICE PEAKS AND VALLEYS” shows real estate prices from November 2005-November 2006;

"One way to understand where the housing slump has been hitting is to break the market down according to different price tiers. Judging by local data supplied by brokers (national data don’t provide a detailed breakdown), it seems that so far it has struck hardest in the middle. In Miami-Dade County for instance, where condominiums represent about two-thirds of the market and single-family homes one-third, the average price of a condo in the $600,000 to $800,000 range (the middle of the middle tier) was down 1 percent in November 2006 compared with November 2005. At the high end, with most properties ranging from $2 million to $4 million, the average price rose 15 percent over the same period. And at the lower end, for condos between $400,000 and $600,000, the average price rose 2 percent"