Case Shiller Housing Index: May 2013: US Price Rebound Continues; South Florida Market Remains "Hot"

The US housing market price rebound continued in May 2013, according to the Case Shiller Housing Index.  On a sequential basis the market was up about 2.6% in May 2013 over April 2013.  On a year-over-year basis the market was up about 12%, according to Case Shiller Housing Index.

The South Florida market improved 2.4% on a sequential basis in May 2013, which was inline with the nation, according to Case Shiller.  However, the Case Shiller Index showed a year-over-year increase of 14.2% for the South Florida market in May 2013 over May 2012; this was better than the overall US market.

The average US home price was back to the spring 2004 levels, according to Case Shiller.  The US market is approximately off 25% from the highs in June/July 2006.  The index showed a trough in March 2012 and a recovery in home sales prices of about 16% from that time.

Other areas of interest:

May-13	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	161.94	1.80%	7.50%
Chicago	117.9	3.70%	8.50%
Miami	163.73	2.60%	14.20%
Minneapolis	129.55	2.20%	14.10%
New York	165.44	1.60%	3.30%
Tampa	144.61	1.80%	10.90%
Composite 10	169.69	2.50%	11.80%
Composite 20	156.14	2.40%	12.20%
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.

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Lang Realty
561-247-3550

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