The Sun Sentinel reports on Florida condos. "David Dweck couldn't believe it. The founder of the Boca Real Estate Investment Club scanned the MLS last week and found 2,700 condominiums for sale just in Palm Beach County retirement communities. That represents roughly 9 percent of the county's total listings. 'That's a staggering number,' Dweck said."

"Some of the building facades haven't been updated in years and aren't appealing to existing residents or buyers, he said. 'That market will continue to correct downward,' Dweck said. 'I don't expect it to pick up at least for another year.'"

From Florida Today. "A new report on housing construction permits reflects the slowdown in Brevard County's real estate market. There were 415 permits issued countywide in May for single-family homes, condos and apartment units, down from 577 in April and 617 in May 2005."

"Joe DiPrima, (who) builds mainly in Viera, said most of his company's current construction projects are from contracts that were signed last year. 'I think we definitely have seen a slowdown in activity,' DiPrima said. 'We anticipate that it will take some time for the inventory out there to be absorbed.'"

"He said the flurry of housing construction in Brevard in recent years has flooded the market, and local housing prices in general have fallen somewhat since last summer, when the market peaked."

"The median sales price in Brevard for existing single-family homes, a market that reflects trends in new-home prices, was $224,800 in April, up 4 percent from April 2005, but down from the peak price of $248,700 in August 2005."

"The number of local single-family home sales in Brevard fell by 32 percent in April, compared with a year earlier, according to data from the Florida Association of Realtors."

"DiPrima said said the local market for condominiums seems weaker. In April, the median sales price of a local condo was $175,000, down 17 percent from a year earlier."

"Also, the number of local condo sales fell by 81 percent in April, compared with a year earlier. 'The condo market here took off after the single-family-home market,' DiPrima added. 'The number of condominiums on the market is higher than it's ever been.'"