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Home Prices in South Florida Rising Slowly
In its second quarter the housing market in South Florida has cooled.
The median price of a single-family home in Miami-Dade rose almost 8% in the second quarter, bringing it up to $270,000 from a year earlier, when the spikes in prices were in the double digits.
However, even though there has been a slowdown the median prices have continued to rise at faster pace than national prices.
The national median existing single-family home price rose 4.4 percent in the second quarter to $212,400 from $203,400 a year earlier, NAR said. That was far slower than the 8.3 percent year-over-year increase in the median price in the first quarter.
For more on this story from the Miami Herald see the following link – http://www.miamiherald.com/2014/08/12/4285321/south-florida-home-prices-rising.html
