Double-digit increases nothing new for Miami

  • 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.

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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.