Case-Shiller Index Shows Price Dip in Miami Real Estate

posted on January 1st, 2010 filed under: Real Estate Market Data

Single-family home prices declined in Miami from September to October, according to the Case-Shiller index maintained by Standard and Poors.  The decline amounted to only 0.4% (from an index level of 149.69 to 149.09), but raises doubts about the stabilization in Miami and Coral Gables real estate over the past few months.

October and November were when everybody was supposed to be rushing to close on deals to qualify for the $8,000 tax credit.  It’s not a sign of great strength if Miami real estate prices were softening despite that flurry of government-manufactured activity.

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posted by // This entry was posted on Friday, January 1st, 2010 at 11:26 am and is filed under Real Estate Market Data. You can follow any responses to this entry through the RSS 2.0 feed.

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