A Jamaican stockbrokerage and investment adviser has labelled residential real estate prices overvalued, following an analysis of the market, and concludes that the market is due for a correction. Residential properties on the market, says Stocks and Securities Limited, now sell for $14,000 to $15,000 per square foot, representing a 67 per cent to 75 per cent increase since 2005, when the comparative prices were $8,000 to $9,000 per square foot.