SPRING SELLING SEASON ...HOME PRICE HIKES SLOW BUT STEADY

Posted by zzz - Lorea Thomson

| Realtor

Updated on March 4th, 2014

|

Published in Events & Entertainment

South Florida saw the biggest gain in a monthly measure of national home prices replicating a slow but steady, continued upswing momentum in real estate market for Palm Beach County.   

Palm Beach, Broward and Miami-Dade counties experienced an increase in single-family home prices according to the Standard & Poor’s/Case-Shiller Index.  According to the most recently released Index, single-family home prices have increased 0.09 percent from the previous month.

Last Tuesday’s report from Standard & Poor, as well as others, point to a slight deceleration in home prices as a normal beginning of the upturn cycle at the end of February. Winter shows no signs of cooling home prices according to the Standard & Poor/Case-Shiller home price indices.  They are the leading measure of U.S. home prices and showed that the 10-city and 20-city composite increased 13.8% and 13.7% year over year data. Of the 20-city composites, two cities in the South Florida area recorded positive gains for 12 or more consecutive months.

 
To discuss the various waterfront real estate opportunities in our area please contact our managing partner, Rob Thomson at INFO@WFPCC.com or please phone our office at 561-746-7272.