Miami Condo Market and Lifestyle Updates
Miami Home Prices Rise 10.5% in August, but Price Gains Are Slowing

Miami Home Prices Rise 10.5% in August, but Price Gains Are Slowing

by Sep Niakan | November 10, 2014

Miami home prices are having biggest annual gain among the 20 cities tracked by S&P/Case-Shiller index.

Miami’s home prices have risen 10.5% in August since a full year before.

Even though Miami is higher than the rest of the 20 cities in price gains, the pace has slowed for them as well.

In February, prices of homes in Miami jumped 16% since the year before.

Home prices in Miami-Dade, Broward, and Palm Beach rose 0.3% from July to August according to the index. That statistic is lower than the 0.8% increase that was in the June to July time frame.

The 10-city composite index went up 5.5% since last year, and the 20-city comopsite index went up 5.6% during the same time.

“The deceleration in home prices continues,” David Blitzer, the chairman of the S&P Dow Jones Indices committee said, “Despite the weaker year-over-year numbers, home prices are still showing an overall increase, as the national index increased for its eighth consecutive month.”

The S&P/Case-Shiller index follows the re-selling of single family homes that have sold at least twice.

 

Source: miamiherald.com

Photo credit: worldpropertyjournal.com

Recent posts

Real Estate News

Miami’s New and Pre-Construction Condo Update: August 2017

by Sep Niakan | September 17, 2017

August comes up with quite some movement for the preconstruction condo market in Miami. We have Aston Martin Residences gearing up for a fall groundbreaking, Canvas and The Harbour successfully topped off, 1010 Brickell got its ok to open and...

Opinions and Advice

Back to school

by Sep Niakan | August 29, 2017

Septembers can be a sobering time for most as we say goodbye to summertime frolic. Kids are either back to school or are gearing up for it. Parents are busy running around, trying to get everything and every kid organized. It’s back to the...

Opinions and Advice

4 Property Tax Savings and Benefits when Buying Property in Florida

by Sep Niakan | August 29, 2017

For most people, paying taxes equals one big headache. In Florida, knowing your tax laws is worth the pain. Being a Florida resident, you can gain from many tax-saving programs. You can also find affordable real estate in big cities like Miami....

Lifestyle

September Events to Spice Things Up In Miami!

by Sep Niakan | August 27, 2017

Summer may be on its way out, but that doesn’t mean things have to fizzle down. There’s a whole bunch of stuff to do this month, especially around Labor Day weekend. Scroll through our top picks and plan a fun September in...