Home prices are still increasing year-over-year in South Florida, but the pace of growth is slowing each month, according to the latest report from Standard & Poor’s/Case-Shiller.
The Case-Shiller index for Miami-Dade, Broward and Palm Beach counties jumped 14.7 percent from April 2013 to April 2014. The year-over-year gain in March was 16.2 percent, however. Case-Shiller tracks the values of the same home over a long period of time in 20 metropolitan areas.
Boston was the only metro area to experience a year-over-year increase in April, according to the Sun-Sentinel.
The latest index is in line with recent reports from South Florida real estate groups that reflect a slowdown in the year-over-year home price gains. [Sun-Sentinel] — Eric Kalis