The Real Deal Miami

South Florida has nation’s largest jump in asking prices

Miami and Palm Beach ranked first and fourth nationwide, according to Trulia
The Miami skyline

The Miami skyline

Palm Beach County saw the fourth biggest jump in home asking prices in the nation in August.

Year-over-year asking prices in Palm Beach County rose 14.5 percent in August, according to Trulia data.

Miami-Dade County and the Birmingham, Ala., metro area tied for the largest increase at 15.6 percent, according to the Sun-Sentinel. Lakeland was third, with a 14.8 percent increase, and Broward County ranked 24th with a 10.4 percent increase.

“This reflects where sellers and their agents are setting prices,” Jed Kolko, chief economist for Trulia, said in a prepared statement. “It’s a good leading indicator of sales prices two months later.” [Sun-Sentinel]Christopher Cameron