Case-Shiller: Miami area home prices up 16.5 percent in December

02/25/2014 10:42 AM

02/25/2014 10:48 AM

Home prices in the Miami area rose 16.5 percent in December 2013 from a year earlier, according to the Case-Shiller index.

The Case-Shiller Miami index covers Miami-Dade, Broward and Palm Beach counties.

Nationwide home prices were up 11.3% for the year 2013, according to the S&P/Case-Shiller index.

The closely watched indices use resales of properties that have sold at least twice, in a bid to show accurate increases and decreases in value.

The S&P/Case-Shiller index reports lags the market by two months. Experts widely expect price gains to moderate in 2014.

Join the Discussion

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.

Terms of Service