South Florida home prices are on the rise according to the Dow Jones S&P’s Case-Shiller index for May 2015, indicating the market has continued to strengthen for the last 12 months.
Released this week, the report shows the Miami area is doing particularly well with 8% growth, just behind Denver, (10%) San Francisco (9.7%) and Dallas (8.4%). The next highest are Portland and Seattle, both coming in at 7.4%. So, what does this all mean?
“This is great news for South Florida home sellers,” Jean-Luc Andriot of Boca Premier Properties, said. “We are already seeing the best sales volume in Palm Beach and Broward counties in more than two decades and this is yet another great indicator of success.”
The Case-Shiller home price index is a…