Miami-Dade home prices flat between May and June: report

County is still outpacing national housing rates

TRD MIAMI /
Aug.August 02, 2016 03:00 PM

After years of overheated growth, Miami-Dade County’s home prices are beginning to moderate themselves.

According to a new report from CoreLogic, housing prices in Miami-Dade grew only 0.2 percent between May and June. The research firm analyzes monthly home sales to calculate pricing trends, including distressed properties.

Year-over-year, home values in Miami-Dade rose by 6.2 percent in June. However, that rate of growth has slowed considerably since 2013 and 2014, when prices shot upward after the housing market began its explosive recovery from the recession.

Despite rising prices beginning to level off, Miami-Dade’s housing market is still outpacing the national rate of appreciation. Homes throughout the United States saw a 5.9 percent jump in prices during June, according to CoreLogic.

“The consistently solid growth in home prices has been driven by the highest resale activity in nine years and a still-tight housing inventory,” said Frank Nothaft, CoreLogic’s chief economist. — Sean Stewart-Muniz


Related Articles

arrow_forward_ios

Miami-Dade still clearing out foreclosures in September: report

Condo sellers are struggling in Miami-Dade County: Miami Realtors

Foreclosures, be gone: Miami-Dade’s foreclosure rate shrinks again in August

Even with blowout month, condos drag down Miami-Dade home sales in August

Miami-Dade’s foreclosure rate continues downward spiral in June: report

Foreclosures still falling in Miami-Dade during May

Miami-Dade home sales continue struggling through May: report

Miami-Dade foreclosures are drying up: report

arrow_forward_ios