Far away, in the Hamptons, a land of milk, honey, and rather nice cars, real estate prices are dropping. In the first three months of this year, per Miller-Samuel's report for Prudential Douglas Elliman, median price dropped 7.1% (to $882,500) and the number of sales fell 29% from the last three months of 2007. For deeper visceral interaction with this news, here's a bunch of charts. [Bloomberg/Miller-Samuel]
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