Here's a good way to see what's happening in the housing market via foreclosures. The website is hotpads.com and here's a map of the Fort Lauderdale market.
Getting a little crowded, eh? For comparison, here's a map of houses for sale. My money says foreclosures got 'em beat. (UPDATED: According to the websites' numbers, there are 1845 homes for sale in that area and 1471 foreclosures -- hey it's disturbingly close).