Our News & Updates

August 12, 2014

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

palmcorp

About palmcorp

  •  

Leave a Comment

Please type the characters of this captcha image in the input box

Please type the characters of this captcha image in the input box

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Translate »