While much of South Florida has been a red hot seller’s market over the first half of 2017, home price gains are starting to slow a bit according to the latest S&P CoreLogic Case-Shiller Index.
In both January and February, home prices in Palm Beach, Broward, and Miami-Dade Counties jumped 6.7% compared to the first two months in 2016, and in March, the year-over-year increase dropped slightly, but still reached 6%.
Now, newly released figures posted another slight drop compared to the first three months of 2017, registering just a 5.4% increase when looking at the numbers from April 2016 and April 2017.
In Boca Raton and much of the surrounding South Florida area, strong demand and limited inventory are undoubtedly the two primary driving forces…
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