Miami’s residential prices showed strong increases for the fifth month in a row in April, with the median sales price of condominiums rising 30 percent compared to the same period in 2011, according to the Miami Association of Realtors. The median sales price of single-family homes rose 8.2 percent year-over-year. [more]

Home prices in the Miami-Miami Beach-Kendall metropolitan area rose by 10.6 percent in March compared to the same period last year, according to a report from CoreLogic. Miami’s home price index, which includes distressed sales, also rose by 10.1 percent in February compared to February 2011. [more]

Miami continues to show strength in the face of a struggling national housing market. According to the Standard & Poor’s/Case-Shiller Home Price Index, housing prices declined 3.5 percent year-over-year in February, but Miami prices actually appreciated by 0.8 percent. Miami was also one of just three markets tracked by the index to post positive monthly returns in February, as prices rose 0.6 percent, second only to Phoenix’s 1.2 percent monthly gain. [more]

The median sales price in Broward County rose to $190,600 in March, a 9 percent jump compared to the same month in 2011, the South Florida Sun Sentinel reported. That followed another strong month for Miami sales prices in March. The volume of sales in Broward County also saw a slight increase, rising 1 percent to 1,179 from 1,168 last month. [Sun Sentinel]

Home prices nationwide are finally bottoming out, though foreclosures threaten the market’s strength, Reuters reported. Reuters’ survey of 24 economists forecast the Case-Shiller Home Price Index rising 2 percent next year, up 0.5 percent from the 1.5 percent growth projected in the news agency’s January survey. [more]

Home prices in the Miami-Miami Beach-Kendall metro area, increased by 11 percent in February, compared to the same period in 2011, according to a report from CoreLogic. As a whole, Florida saw a 4.7 percent increase in home prices, the third-largest increase of any state in America. [more]

Case-Shiller index changes since 1988

Home prices dipped nationwide for the fifth consecutive month in January, according to today’s Standard & Poor’s Case-Shiller Home Price Index, providing another blow to the housing market following last week’s disappointing new home sales data. The 20-city composite index was down 3.8 percent compared to January 2011 and fell 0.8 percent on a month-over-month basis. U.S. home prices are now roughly equal to those in early 2003 (see video after the jump). [more]

Price-to-Rent ratio (source: Calculated Risk)

Calculated Risk has pegged this March as the bottom of the market  for U.S. home prices.

The blog isolated home prices from another data set that’s commonly used to determine market strength, new home sales and housing starts, and predicted that both the Case-Shiller Index and the CoreLogic index would valley in March. [more]

Though the U.S. housing market is inching closer to its eventual bottom, the country is still three to five years away from a normal housing market with healthy price appreciation, according to a November home prices report released today by Zillow.com that also detailed the state of the South Florida housing market.

The report showed that prices increased in South Florida by 0.1 percent compared to October 2011, reaching $137,000. That is still well below the national average home price, which declined 0.5 percent month-over-month to $147,800. [more]

Source: CoreLogic (click to enlarge)

Thanks to downward pressure from the glut of foreclosed properties, home prices declined in South Florida in November, according to a home price report released today by CoreLogic, with Palm Beach County faring the worst.

Home prices in Palm Beach County fell 10 percent from November 2010 when factoring in distressed sales. The county’s prices remained the same when sales of distressed properties were excluded from the equation. [more]