South Florida outperformed most of the country with a 6.9% annual increase in home prices during June of 2016 a national report showed.
The growth in real estate prices ranked Palm Beach, Broward and Miami-Dade counties sixth among 20 metro areas nationwide, according to the S&P CoreLogic Case-Shiller index released Tuesday.
Portland, Ore., led all areas with a 12.6% price gain, followed by Seattle (11%) and Denver (9.2%).
Dallas, at 8.9%, and Tampa, at 7.9%, were the only other markets with higher price increases than South Florida in June. The national average was 5.1%.
South Florida realtor boards released reports last week for July showing annual price increases among single-family homes in all three counties despite declines in sales.
Some agents say buyers are holding off because sellers aren’t pricing properties to market value.
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