The Real Deal Miami

Miami home prices jump 10.3% over 2013, report says

Miami area saw biggest increase out of 20 U.S. metro markets
November 25, 2014 02:15PM

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Miami had the biggest gain of metro areas surveyed.

Home prices in the Miami area increased 10.3 percent in September over the previous year even as they slowed nationally, according to a new report by S&P/Case-Shiller.

Of the 20 metro markets tracked by the index, the biggest annual gain was for the Miami metro area, which includes Miami-Dade, Broward and Palm Beach counties.

“It is the only city that currently has a year-over-year double digit gain,’’ David M. Blitzer, managing director and index committee chairman at S&P Dow Jones Indices, told the Miami Herald.

Area home prices in September saw a 0.6-percent uptick from August. [Miami Herald]Chris Guanche