South Florida home values increase by 16.5%

Posted on Wednesday, March 26th, 2014 at 3:19pm.

South Florida home prices rose over 16 percent from January 2013 to January 2014, according to the latest report from Standard & Poor's Case-Schiller Index.

The tri-county region was one of only seven metropolitan areas in the nation to show a gain in housing values from December 2013 to January 2014. Month-to-month prices rose 0.7 percent during that period. This is the second biggest increase after Las Vegas, which showed a 1.1 percent month-to-month gain.

While home price gains have slowed nationally due to severe weather, South Florida's home prices have risen to their highest levels since August 2008.

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