Prices on single-family homes in Palm Beach, Broward and Miami-Dade counties grew 0.9 percent in December from November and were higher than any other monthly gain in the measure of the nation’s 20 largest metro areas.
On an annual basis, South Florida’s prices were up 16.5 percent in December from the same time in 2012, ranking it sixth in annual gains. All 20 metros saw positive annual gains with Las Vegas leading the way at 25.5 percent.
“The SP/Case-Shiller Home Price Index ended its best year since 2005,” said David Blitzer, chairman of the index committee. “However, gains are slowing from month-to-month and the strongest part of the recovery in home values may be over.”
South Florida prices are now at May 2004 levels, according to the index, but are still nearly 37 percent below the peak of the market in December 2006.
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