The Real Deal Miami

Miami home prices rise slightly

July 27, 2010 12:00PM

Miami home prices rose 0.9 percent in May, according to the latest
Standard & Poor’s/Case Shiller Home Price Index, after a 0.8
percent drop in April. Year-over-year, home prices in Miami were up 1.2
percent, while the 10-city nationwide composite was up 5.4 percent.
Last week, Florida Realtors reported that sales of existing
single-family homes were up 15 percent statewide in June — the 22nd
consecutive month that sales activity went up. The median existing home
price in Florida was $143,000 in June, a 2.1 percent jump over May’s
price of $140,400. [SFBJ]