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Miami home prices increase: report

March 07, 2012 09:00AM

Home prices in the Miami-Miami Beach-Kendall metro area increased by 6.9 percent in January, compared to the same period in 2011, according to a report by CoreLogic. Excluding distressed sales, prices jumped by 6.1 percent in January. Nationally, home prices fell by 3.1 percent in January, according to the report. “Although home price declines are slowly improving and not far from the bottom, home prices are down to nearly the same levels as 10 years ago,” said Mark Fleming, chief economist for CoreLogic.
Alexander Britell