David Blitzer, the Chairman of the Index Committee stated, "despite the weaker year-over-year numbers, home prices are still showing an overall increase, as the National Index increased for its eighth consecutive month." He went on to say, "Miami is now leading the cities with a 10.5% year-over-year return."
The average home price in the US was back to its level in the spring of 2005 in August 2014, according to Case Shiller.
Case Shiller also shows an approximate 16% to 17% decline from the peak level in June/July 2006. The increase off of the March 2012 lows is 28.8% for the Composite 10 and 29.5% for Composite 20.
Other areas of interest:
| Aug-14 | Monthly | Sequential | Annual |
| Metropolitan Area | Level | Change | Change |
| Boston | 176.73 | 0.10% | 5.00% |
| Chicago | 131.46 | 0.40% | 2.90% |
| Miami | 188.24 | 0.30% | 10.50% |
| Minneapolis | 142.47 | 0.30% | 3.90% |
| New York | 177.55 | 0.40% | 3.10% |
| Tampa | 162.4 | 0.20% | 5.50% |
| Composite 10 | 188.58 | 0.20% | 5.50% |
| Composite 20 | 173.66 | 0.20% | 5.60% |
| Source: | |||
| S&P Indices | |||
| Firserv |
Call me today for more information.
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
