Miami Condo Market and Lifestyle Updates
Miami Home Prices Rise More quickly Nationwide in December

Miami Home Prices Rise More quickly Nationwide in December

by Sep Niakan | March 12, 2015

Prices for homes in Miami have risen quicker than any other major city in the United States in December, according to a recent S&P/Case-Shiller Home Price report.

For the month of December, Miami home prices went up by 0.7% for the month. Overall, the national average for home prices went down by 0.1% the same month.

For the year 2014, Miami was second on the list of cities nationwide that had their home prices rise. Miami rose 8.4%, second only to San Fransisco with a rise of 9.3%. Nationwide, the average was a 4.6% increase in home prices.

In addition to these recent numbers, the report also noted that home prices in Miami are still 31% lower than the peak price that they reached back in 2006.

 

Source: thenextmiami.com

Photo credit: Home theresidencesmiamibeach.com

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