The entire economic world is in a state of flux. I don't think anyone can answer that question with any reasonable amount of proficiency. One day life is good and looking better and two days later it's as if the whole thing was just a dream.
Prices on the east coast of Florida either remain steady or have taken some hits. ranging from 12-18% from what I have seen. From Boca, up through FTL and Highland Beach, Delray and Boynton all the way up to Jupiter...the money corridor...prices on high end parcels are now going through reductions.
The other side of Florida, Naples up to Sarasota, similar issues but pieces are selling, up from a year ago by about 12% although prices were lowered last year on both sides of the state, the median price seems to have stayed the same at about $255K
The deals are with homes priced at a million or more. An entirely different demographic seems to come in play at about $3 million. With the doldrums being in that $650 to $950 range.
I'm not a realtor...but I do play one in my dreams. And in real life I am a property shopaholic. I've bought and sold a few parcels in my time. Obviously since 2008 things are, as I mentioned, in a state of flux. But if you like to play craps, then the real estate game is the hottest ticket in town right now.