Local market isn't the only region in Florida with falling home prices

Here is an article from the Sarasota Herald Tribune about falling home prices in Sarasota and around Florida.

Here are some article highlights:
Declines occurred in 11 of the state's 20 largest real estate markets, though the two local markets had the dubious distinction of showing the largest drop, figures released this week by the Florida Association of Realtors showed.

The $290,000 median in Sarasota-Venice-Englewood was the first drop below $300,000 since February 2005.

Sarasota-Bradenton's median sales price of $290,000 might have shown a 16 percent decline during September when compared with the same time last year, but it still remained the fifth most expensive market in the state.

The more expensive markets were Fort Lauderdale ($370,300), Miami ($371,100), Naples ($446,900) and West Palm Beach-Boca Raton ($365,500).

As a Sarasota Realtor it is a positive sign to see the Sarasota median home price below $300k while Ft. Lauderdale, Miami, Naples and West Palm Beach medians much higher. Those cities offer some great qualities but I don't think they are any nicer than Sarasota. What do you think?