A real estate market where home prices are rising can be welcoming news to homeowners who are trying to sell their homes. It can also be encouraging for home buyers who would like to buy in a residential real estate area that appears to be on the upswing. Recent data shows that South Florida's home prices increased by 11 percent during the month of July when compared with July 2013.
July's increase is the second largest increase nationwide, researchers said. The price index that revealed this information measured current home sales occurring in 20 big cities. The South Florida area includes Miami-Dade, Broward and Palm Beach counties.