YOY Increase: 10.4%
For our next city, we head down south to Miami.
Home prices in the steamy locale barely bested San Diego, gaining 10.4% over February 2012.
Such growth is nothing new for Miami, though. In January, for instance, its prices enjoyed an even better 10.8% improvement.
In fact, according to NuWire Investor, “Housing experts had once predicted that a full recovery in the residential real estate market may take 10 years, but many are changing their tune after the lightning-fast turnaround experienced in 2012 (while) others are forecasting future price growth and a positive outlook for the city.”