Double-digit increases nothing new for Miami

Association cites four years of "consistent" increases
  • A decline in distressed sales volume is playing a part in Miami's continuing price gains.
  • Single-family homes are appreciating slightly more than condos.
  • Firm predicts possible upward pressure on demand prior to Fed rate hike.

On a year-over-year basis the Miami-Fort Lauderdale-Miami Beach metro continues to see double-digit increases in home values, and while seasonality has begun to slow price growth the metro still ranks among the top performers nationally.