The Real Deal Miami

Miami area home prices keep rising

CoreLogic report shows year-over-year gain of 15.3 percent in January

up arrowHome prices in Miami, Miami Beach and Kendall jumped 15.3 percent from January 2013 to January 2014.

The latest report from Irvine, Calif.-based CoreLogic shows area prices rose 3.4 percent from December 2013, the Miami Herald reported. Removing distressed residential sales, the year-over-year increase in home prices was 13 percent, while the monthly gain was 1 percent.

Miami, Miami Beach and Kendall outperformed the national housing market, which had a year-over-year price increase of 12 percent, or 9.3 percent without distressed transactions. [Miami Herald]Eric Kalis