Getty Images

No.1 Fort Lauderdale

Change in Condo Price (2007:Q2-2008:Q2): -30.6%
Median Condo Price: $167,000*

Fort Lauderdale, is suffering from a glut of condos built earlier in the 2000s. "In places like Fort Lauderdale, there is an enormous capacity to build up," says Ed Glaeser, a Harvard University professor who studies the economics of cities.

*All prices as of Q2 2008.

next slide previous slide