South Florida’s property values continued to rise during the summer, though there is a hint of a slowdown in the rebound.
The closely watched Case-Shiller real estate index rose in July, according to a report issued Tuesday morning. But the monthly gain was at about half the pace as seen at the start of 2012.
South Florida’s Case-Shiller index increased by six-tenth of a percentage point between June and July, versus an increase of between 1 percent and 1.6 percent for every month between January and April.
Still, the numbers show significant progress from the housing decline, which was still underway as recently as last fall, according to the Case-Shiller index.
The index was still dropping a year ago, and the July Case-Shiller reading was 5 percent higher than in July 2011. The year-over-year gain for July was also the strongest since December 2006.
This chart uses two-month averages to show how South Florida matches up against other metropolitan areas in the Case-Shiller index. Click on each heading to sort from highest to lowest or lowest to highest.