Miami home prices increase 5% in June, year-over-year, lagging national average: S&P CoreLogic Case-Shiller

This article written by Ina Cordle from August 29, 2017, published on states that Miami home prices rose 5 percent in June, year-over-year, marking the fifth lowest increase nationwide, according to the latest S&P CoreLogic Case-Shiller Index.

Aerial view of Coconut Grove

The article continues that the newly released report, which tracks 20 major metropolitan areas in the country, shows home prices in Miami increased by just 0.4 percent from May to June. From April to May, Miami home prices increased by 0.8 percent, ranking as the 13th highest increase among the top 20 cities.

Nationwide, home prices rose 5.7 percent in June, year-over-year, on par with the increase of the previous month. Seattle continued to show the greatest year-over-year gain, up 13.4 percent. Portland followed at 8.2 percent; Dallas at 7.7 percent; and Denver and Detroit, each at 7.6 percent.

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