Home prices climb over 14% in sunny South Florida

Posted on Tuesday, January 7th, 2014 at 6:14pm.

South Florida home prices underwent a year-over-year surge in November.

Home prices increased 15.5 percent in Miami-Dade County, 15.2 percent in Broward County and 14.3 percent in Palm Beach County year-over-year. However, growth was far more slight compared to October – 1.1 percent, 0.5 percent and 1 percent for these counties.

Values accelerated at a faster pace in South Florida than in New York City, Dallas, Houston and Washington, D.C. U.S. home prices were up 11.8 percent year-over-year and 0.1 percent month-over-month.

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