HOUSING

Miami area home prices up 8.6 percent in March from year earlier

 

mbrannigan@MiamiHerald.com

Home prices in the greater Miami area rose 8.6 percent in March 2013 from a year earlier, according to CoreLogic, an Irvine, Calif.-based data firm.

Excluding distressed sales, home prices jumped 15.6 percent year over year in the metro area including Miami, Miami Beach and Kendall.

Miami area home prices, including distressed sales, increased by 0.3 percent in March from February. Excluding distressed sales, comprising short sales and bank-owned properties, Miami area prices were up 2.8 percent month over month, CoreLogic said.

Nationwide home prices rose 10.5 percent in March from a year earlier, with western states like California, Arizona, Idaho and Oregon chalking up dramatic gains. The March results marked the biggest nationwide year-over-year increase since March 2006 and the thirteenth consecutive monthly increase. Home prices nationwide rose 1.9 percent in March from February, the firm said.

Read more 5-Minute Herald 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