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9. Miami, FL

Median Home Price: $187,300
Decline Since 2006 Peak: -32%

Coming in at No. 9 is another coastal Florida market — Miami. The median home price here has dropped 32 percent from its peak of $275,000 in the second quarter of 2006. Here there are actually more foreclosures than regular homes on the market: 11,000 regular homes, and over 14,000 foreclosures, according to Trulia.

Miami’s allure is also that city life-beach combo with a sunny, mild climate. It’s nicknamed the “Cruise Capital of the World,” and Miami’s South Beach, a playground for the rich and famous, was named by the Travel Channel as Florida’s top beach. In 2008, Miami was named “America’s Cleanest City” by Forbes magazine.



trulia.com