The Chairman of the S&P Index said, "we saw a continuing trend of rising home prices for the spring." In the Chase-Shiller report announcement, the South Florida market was highlighted as showing positive annual rates of change.
I am noticing lower levels of inventory in the South Florida housing market as well as a sustained level of interest. If these trends continue, I would expect to see home prices continue to rise in the South Florida market.
Areas of interest:
| May-12 | Monthly | Sequential | Annual |
| Metropolitan Area | Level | Change | Change |
| Boston | 150.67 | 2.40% | -0.10% |
| Chicago | 108.62 | 4.50% | -3.00% |
| Miami | 143.35 | 1.40% | 3.40% |
| Minneapolis | 113.47 | 3.10% | 4.70% |
| New York | 160.4 | 1.40% | -2.80% |
| Tampa | 130.26 | 2.00% | 2.50% |
| Composite 10 | 151.79 | 2.20% | -1.00% |
| Composite 20 | 138.96 | 2.20% | -0.70% |
| Source: | |||
| S&P Indices | |||
| Firserv |
As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
http://MYsouthFLrealestate.com
Referrals are appreciated and welcomed.
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
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