The South Florida real estate market saw a 15.8% price increase in October 2013, over the previous year, according to the Case Shiller Housing Price Index. On a sequential basis, the South Florida market was up 1.1% in October 2013, according to Case Shiller.
The US continued to show upside price appreciation of 0.2% on a sequential basis in October 2013 and 13.6% year-over-year price appreciation during the same time frame, according to Case Shiller.
I continue to see solid demand for homes in the South Florida market. The Case Shiller report highlighted the South Florida market in its report: [the South Florida market's] "annual rate increased the most from 14.3% in September to 15.8% in October."
In regards to 2014, the Case Shiller report stated, "Most forecasts for home prices point to single digit growth in 2014." The quote is referring to price appreciation for the US housing market in 2014.
Some areas of interest:
| Oct-13 | Monthly | Sequential | Annual |
| Metropolitan Area | Level | Change | Change |
| Boston | 168.43 | -0.30% | 8.60% |
| Chicago | 127.42 | -0.50% | 10.90% |
| Miami | 173.63 | 1.10% | 15.80% |
| Minneapolis | 139.11 | 0.50% | 11.30% |
| New York | 173.23 | 0.00% | 4.90% |
| Tampa | 154.4 | 0.10% | 15.20% |
| Composite 10 | 180.27 | 0.20% | 13.60% |
| Composite 20 | 165.91 | 0.20% | 13.60% |
| 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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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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