Since the peak in December of 2005 we have come to April 2008 with prices dropping over 50% on some homes, with a hugh inventory of Short Sales on the market (Short sale is where seller owes more than what the house is worth and needs approval from bank to take the loss). We are seeing the foreclosure market pick up again as banks a selling properties at more realistic prices that local workers can afford after an unrealistic run up in prices due to easy money, loose lending practices and investor speculation. Port St Lucie FL was one of the fastest growing cities, so we would expect to one of the biggest hit on prices and inventory. If you are looking to sell, you have to priced below market to get showings and offers. If you are looking to buy, there are some good deals on the market and they have multiple offers if it a great deal. If you would like more information on foreclosures look on the foreclosure tab for some of my listings or send me an email, or you can even call to talk to me directly.