Case-Shiller: Miami home prices up 5.3 percent

Miami /
Sep.September 25, 2012 12:45 PM

Miami home prices saw a 5.3 percent jump in July compared to the same period in 2011, according to the latest Home Price Index report from Standard & Poor’s/Case-Shiller. Miami had a price index of 148.70 in July, a 2.1 percent improvement from the previous month and the sixth-highest in the nation. A composite of 20 U.S. cities saw a 1.2 percent year-over-year improvement in prices. “Home prices increased again in July,” said David Blitzer, chairman of the index committee at S&P Dow Jones Indices. “The news on home prices in this report confirm recent good news about housing. Single-family home starts are well ahead of last year’s pace, existing home sales are up, the inventory of homes for sale is down and foreclosure activity is slowing.” All 20 cities and both Composites increased month-to-month for the third time in a row. — Alexander Britell


Related Articles

arrow_forward_ios
17141 Collins Ave, Sunny Isle
Muse Residences in Sunny Isles Beach tops weekly condo sales
Muse Residences in Sunny Isles Beach tops weekly condo sales
Prive at 5000 Island Estates Drive in Aventura (Condo.com, getty)
Privé in Aventura closing tops Miami-Dade’s weekly condo sales
Privé in Aventura closing tops Miami-Dade’s weekly condo sales
Habitat Group's Santiago Vanegas with 39 Northwest Seventh Avenue in Little Havana (Habitat Group, Google Maps)
Habitat Group sells Little Havana apartments to LA investors for $15M
Habitat Group sells Little Havana apartments to LA investors for $15M
Rockpoint's Bill Walton and Keith Gelb with the Shops at Mary Brickell Village (left), 1221 Brickell (middle), and 911 Southwest First Avenue (right) (Rockpoint, Google Maps, Twitter)
Rockpoint’s Brickell bonanza: Firm reaps riches in booming neighborhood
Rockpoint’s Brickell bonanza: Firm reaps riches in booming neighborhood
Coldwell Banker's Danny Hertzberg (Jills Zeder Group, iStock)
Renting homes to the ultra-wealthy brings its own set of headaches
Renting homes to the ultra-wealthy brings its own set of headaches
The Porsche Design Tower in Sunny Isles Beach (Porsche Design Tower Miami)
Porsche Design Tower closing tops Miami-Dade’s weekly condo sales
Porsche Design Tower closing tops Miami-Dade’s weekly condo sales
Estate Companies Jeffrey Ardizon, Avanti's Christian Garner, and Estate Companies Robert Suris with Soleste Grand Central
Avanti pays $181M for apartment building near Brightline’s MiamiCentral
Avanti pays $181M for apartment building near Brightline’s MiamiCentral
From left: Oak Row Equities' David Weitz and Erik Rutter with Edgewater
Oak Row Equities plans 400-unit apartment, office tower in Edgewater
Oak Row Equities plans 400-unit apartment, office tower in Edgewater
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...