Florida Inv | Jean Deglon
South Florida home prices still have room to grow, index shows

South Florida home prices still have room to grow, index shows

Anational housing index released Tuesday provides more evidence of steady home price growth in South Florida.

Prices in Palm Beach, Broward and Miami-Dade counties increased 6.7 percent in September from a year earlier, according to data from the S&P CoreLogic Case-Shiller index.

Only five of the 19 other metro areas tracked by Case-Shiller posted higher price gains. Seattle led with an 11 percent increase, while prices in Portland, Ore., rose 10.9 percent.

Denver (8.7 percent), Dallas (8) and Tampa (7.5) rounded out the top five.

Nationally, the index surpassed a previous high set in September 2006, though David M. Blitzer, chairman of the index committee, said in a statement that prices in South Florida and other areas still have room to grow.

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