The South Florida housing market continued to show better than average price increases during December 2012. Home prices increased 10.6% in December 2012 over December 2011. Sequentially, the market was up 80 basis points, almost a full percentage point.
To quote from the Case Shiller report, "Home prices ended 2012 with solid gains," says David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices. "Housing and residential construction led the economy in the 2012 fourth quarter."
With a shortage of inventory in the local South Florida market, I foresee a continuation of the sequential uptick until we start to see more inventory reach the market place.
Other areas of interest:
| December | Monthly | Sequential | Annual |
| Metropolitan Area | Level | Change | Change |
| Boston | 153.81 | 0.10% | 3.60% |
| Chicago | 112.61 | -1.30% | 2.20% |
| Miami | 152.36 | 0.80% | 10.60% |
| Minneapolis | 126.09 | -0.10% | 12.20% |
| New York | 161.58 | -0.40% | -0.50% |
| Tampa | 134.04 | 0.20% | 7.20% |
| Composite 10 | 158.49 | 0.20% | 5.90% |
| Composite 20 | 145.95 | 0.20% | 6.80% |
| Source: | |||
| S&P Indices | |||
| Firserv |
I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. 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
An Analytical Approach To Buying, Selling and Leasing Real Estate
http://MYsouthFLrealestate.com
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