There was a strong recovery in the month-over-month value index in March (the period reported by the Index today). While February's index reflected the first decline in 15 months, March roared back with a 1.42% increase for the month. So, even with February's blip, the value index is up just under 2% for the year. (Very) simply stated, the index measures single family home values in South Florida by comparing each property's sale (in March in this case) to THAT property's previous sale.
Tuesday, May 27, 2014
Home Values March On!
There was a strong recovery in the month-over-month value index in March (the period reported by the Index today). While February's index reflected the first decline in 15 months, March roared back with a 1.42% increase for the month. So, even with February's blip, the value index is up just under 2% for the year. (Very) simply stated, the index measures single family home values in South Florida by comparing each property's sale (in March in this case) to THAT property's previous sale.
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