Not too long ago reports surfaced that South Florida homeowners may have finally gotten the hint about setting realistic prices for their Miami Beach homes.  Recent reports however, are saying the complete opposite.  Even though prices have been declining for some time now, some homeowners are apparently stuck in the period during the real estate market boom of the earlier 2000s.

More than fifteen percent of existing homes on the market throughout the country had to cut their prices at some point during 2009, dropping the price by just over ten percent than what was originally being asked.  In fact, South Florida has seen even more drastic price cuts.  Perhaps Miami Beach homes do remain overpriced.

To put it into perspective, consider that more than twenty percent of homes in Miami-Dade County had to slash their prices at some point during the past year, that's quite a significant umber that translates to tens of thousands of dollars in price cuts.  Assuming you're among the many trying to sell Miami Beach homes, listen to your real estate agent and take their advice.  The numbers clearly show that one must price according to existing market values, not the glory days of Miami Beach real estate.