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House prices moving up and down around Florida

Home prices are falling in Fort Lauderdale, but rising elsewhere in Florida.

Home prices are falling in Fort Lauderdale, but rising elsewhere in Florida.

Florida's real estate market is complicated, with list prices falling in many markets and significantly up in others, according to new data released by the National Association of Realtors.

Median list prices of homes tracked by the NAR were down almost across the board in May, falling in 126 of 146 markets monitored. And of the 23 markets where median price declined more than 5 percent since last year, 14 were in Florida. Median list price fell by 15.63 percent in the Tampa-St. Petersburg-Clearwater area, 9.15 percent in the Orlando area and 5.72 percent around Fort Lauderdale.

But Florida also boasted three of the six markets where median list prices increased by more than 5 percent since May 2010. Prices were up 27.27 percent in Cape Coral-Fort Myers, 9.17 percent in Miami, and 5.2 percent in Fort Pierce-Port St. Lucie.

Many international buyers are moving to Florida, according to real estate website Trulia. Of the top 24 locations searched on their website by international house hunters, 10 were in Florida, with Cape Coral, Miami and Fort Lauderdale at the top of that list. According to Trulia, international buyers spent $13 billion in Florida in the last year.