Home Price Index Rises Slightly in Miami

Miami Home Sales 150x150 Home Price Index Rises Slightly in MiamiThe month of May 2011 saw a slight uptick in the seasonally adjusted Case Shiller home price index from April. The index went up from 139.47 to 140.1, however that is down from 147.88 in May last year. The index takes into account homes across Miami and I believe if they were to focus on condos in central areas such as Brickell or Midtown they would find that prices have increased slightly more. The following is a graph illustrating the drop since January 2007:

Case Shiller Home Price Index Miami 2011 1024x495 Home Price Index Rises Slightly in Miami

Miami Home Price Index

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