The following is a quote from the report: "We seem to be witnessing exactly what we needed for a sustained recovery; monthly increases coupled with improving annual rates of change. The market may have finally turned around."
The US housing market was up 2.3% on a sequential basis in June 2012 and up 0.5% on a year-over-year basis.
The South Florida housing market continued its positive trends with 1.6% growth on a sequential basis in June 2012 and 4.4% annual growth. As discussed in previous posts, the inventory levels seems to have decreased during the past three months. The trend has resulted in more buyer interest in current listings with prices increasing, according to the Case Shiller Index.
Other markets of interest:
| May-12 | Monthly | Sequential | Annual |
| Metropolitan Area | Level | Change | Change |
| Boston | 154.43 | 2.50% | 0.00% |
| Chicago | 113.61 | 4.60% | -1.70% |
| Miami | 145.62 | 1.60% | 4.40% |
| Minneapolis | 118.74 | 4.80% | 5.70% |
| New York | 163.4 | 2.10% | -2.10% |
| Tampa | 132.84 | 1.90% | 3.40% |
| Composite 10 | 155.02 | 2.20% | 0.10% |
| Composite 20 | 142.21 | 2.30% | 0.50% |
| 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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