A new streak begins after Miami-Dade’s real estate meltdown

 

The seventh month of price increases marks the best showing since the fall of 2006. But the market has years to go to match the last streak.

dhanks@MiamiHerald.com

The latest South Florida real estate numbers came out today, and the news continues to look relatively good on prices.

June was the seventh straight month of yearly increases in prices for single-family homes in Miami-Dade. That’s the longest streak since September 2006.

Of course, a mere seven months of price gains meant nothing before the housing crash. Between 1999 and 2006, Miami-Dade’s real estate market never saw prices drop from the year before. That’s a remarkable seven-year stretch -- meaning it would take until 2019 to match it again.

The Miami Herald’s Economic Time Machine tracks 60 local indicators in an effort to chart South Florida’s recovery from the Great Recession. By comparing current conditions to where they were before the downturn, the ETM attempts to measure how far back the recession set the economy. The answer so far: June 2003. Visit ETM headquarters at miamiherald.com/economic-time-machine for the latest updates.

Read more The Economic Time Machine stories from the Miami Herald

Miami Herald

Join the
Discussion

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category