Miami, Tampa top home price increases

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FILE - A for sale sign is displayed outside a home in Mount Lebanon, Pa., on Tuesday, Sept. 21, 2021. (AP Photo/Gene J. Puskar, File)

For the seventh consecutive month, Miami topped other metro areas across the country in home-price increases in February when compared to a year earlier, according to a report released Tuesday.

The Miami area had a 10.8 percent year-over-year increase, while the Tampa area was second-highest at 7.7 percent, according to the S&P CoreLogic Case-Shiller Indices.

The Atlanta area was the third-highest at 6.6 percent.

While most metro areas saw year-over-year increases, “price trends moderated in February 2023,” Craig J. Lazzara, managing director at S&P DJI, said in a prepared statement.

As an example of the price moderation, Miami had a 15.9 percent year-over-year increase in December.

Miami and Tampa were the only Florida markets in the report.

©2023 The News Service of Florida

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