Case Shiller Housing Index June 2013: South Florida Price Increases Continue To Outpace US

As of June 2013, the average US home price was about 23% off the peak of June/July 2006, according to the Case Shiller Index.  The bottom of the US housing market was March 2012 with the market improving around 19% in price appreciation since that time, according to the Case Shiller Index.

On a year-over-year basis the South Florida housing market appreciated 14.8% in June 2013 over June 2013, according to Case Shiller.   The Case Shiller Composite for the US was up about 12% during the same time.  On a sequential basis the South Florida market was on par with the US composite of about 2.1%, according to Case Shiller.

The Case Shiller report for the month noted "despite recent increases in mortgage interest rates, affordability is still good as credit qualifications have eased somewhat."

The South Florida housing market rebound has continued during the "off-season" months.  There are some pockets of the South Florida market that favor sellers.  It is important to work with an agent who understands your needs and how it matches with the current state of the local market and its individual sub-strata. 

Other areas of interest:

June	Monthly	Sequential	Annual
Metropolitan Area	Level	Change	Change
Boston	164.75	1.70%	6.70%
Chicago	121.81	3.30%	7.30%
Miami	167.1	2.10%	14.80%
Minneapolis	132.47	2.30%	11.50%
New York	168.65	2.10%	3.30%
Tampa	147.69	2.10%	11.10%
Composite 10	173.37	2.20%	11.90%
Composite 20	159.54	2.20%	12.10%
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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