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Miami Home Prices Up 5.3%

September 28th, 2012 Written By Carol Pawley

 

According to the latest Home Price Index report from Standard & Poor’s/Case-Shiller, in July Miami home prices saw a 5.3% increase compared to the same period in 2011. Miami had a price index of 148.70 in July, a 2.1 percent improvement from the previous month and the 6th highest in the nation. A composite of 20 U.S. cities saw a 1.2 percent year-over-year improvement in prices.

David Blitzer, chairman of the index committee at S&P Dow Jones Indices said, “The news on home prices in this report confirm recent good news about housing. Single-family home starts are well ahead of last year’s pace, existing home sales are up, the inventory of homes for sale is down and foreclosure activity is slowing.” For the third time in a row all 20 cities and both composites have increased.

This is proof that the real estate market is getting better everyday.

Great to have you on my site! Seeking to sell or buy property in Coconut Grove, Coral Gables, or anywhere in Miami? I can assist you. Real estate is my area of expertise and Miami-Dade the place I grew up. I know the communities, the schools, the culture, and the business of real estate. I’ve consistently ranked in the top 1% of my field, locally and nationally. I’d love to have the opportunity to introduce myself and discuss your real estate needs. Let’s connect: PH 305-992-6188,EMAIL: carolapawley@gmail.com

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