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