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South Florida home prices up 6.2 percent year over year

South Florida home prices rose 6.2 percent between February 2015 and February 2016, according to the closely watched S&P/Case Shiller Home Price Indices.

Month to month, prices remained nearly flat, growing .6 percent between January and February of this year when adjusted for seasonality.

The data reflect the trend of slowing growth in prices of existing home sales in Miami-Dade, Broward and Palm Beach counties. Prices grew 9.2 percent between February 2014 and February 2015.

Nationally, home price growth also slowed slightly, from 5.7 percent to 5.4 percent year over year, according to the Indices’ 20-city composite.

The highest year-over-year growth rates were reported by Portland, Ore. (11.9 percent), Seattle (11 percent) and Denver (9.7 percent.)

Jane Wooldridge

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