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Home prices up in South Florida

Single-family home prices went up in South Florida in February, according to a monthly report by the property analytics company CoreLogic.

In Miami-Dade County, home prices increased by 1.2 percent between January and February.

In Broward County, home prices were up by .2 percent during the same time.

Both counties have made significant gains compared to February of 2014. Miami-Dade home prices were up 8.5 percent year-over-year. Broward home prices grew by 6.2 percent.

Statewide home values still remain well off the peak they hit during the real estate bubble. Average home prices in Florida are 32.4 percent lower than they were during that time.

Only Nevada — where prices are 35.4 percent off their peak— has seen a greater decline.

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