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In December, Prices For Homes In Miami Rose The Fastest Nationwide

In December, Prices For Homes In Miami Rose The Fastest Nationwide

Home prices in Miami rose faster than any other major U.S. city in December, according to the S&P/Case-Shiller Home Price released.

Miami home prices rose 0.7% for the month. Nationally, home prices were down 0.1% on average for the month.

For the full year 2014, Miami ranked second nationwide with an 8.4% rise in prices, behind top-ranked San Francisco’s 9.3% gain. The national average was a 4.6% increase.

S&P/Case-Shiller also reported that on average, home prices in Miami remain 31% below the peak prices reached in 2006.

Taken from: Staff, TNM. “In December, Prices For Homes In Miami Rose The Fastest Nationwide.” The Next Miami. 24 Feb. 2015. Web. 3 Mar. 2015.