The South Florida housing market saw a 0.6% sequential increase and a 10.3% annual increase in September 2014, according to the Case Shiller Housing Index. The Index reported the US saw flat sequential price increases and about 4.9% year-over-year home price increases during the same time frame; we used the Composite 10 and Composite 20 as the gauge for the US market.
David Blitzer, Managing Director of the Index Committee noted the US home price increases has been at a slower pace recently. He also noted the South Florida market "continues to impress" with a year-over-year gain of 10.3%.
The report stated, "as of September 2014, average home prices across the United States are back to their levels posted in the spring of 2005."
The report also noted, "measured from their June/July 2006 peaks, the peak-to-current decline for both Composites is approximately 15-17%. The recovery from the March 2012 lows is 28.8% and 29.6% for the 10-City and 20-City Composites."
Other areas of interest:
| Sep-14 |
Monthly |
Sequential |
Annual |
| Metropolitan Area |
Level |
Change |
Change |
|
|
|
|
| Boston |
176.59 |
-0.10% |
4.50% |
|
|
|
|
| Chicago |
131.32 |
-0.20% |
2.60% |
|
|
|
|
| Miami |
189.4 |
0.60% |
10.30% |
|
|
|
|
| Minneapolis |
142.63 |
0.10% |
3.10% |
|
|
|
|
| New York |
178.14 |
0.00% |
2.80% |
|
|
|
|
| Tampa |
162.63 |
0.20% |
5.40% |
|
|
|
|
| Composite 10 |
188.68 |
0.00% |
4.80% |
|
|
|
|
| Composite 20 |
173.72 |
0.00% |
4.90% |
|
|
|
|
| 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
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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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