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
September 09, 2014 02:15PM

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