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Florida Home Prices: Still Below Peak, but Rising More Than National Average

By Siddharth Mariappan

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Florida had the 4th highest year-over-year increase in home prices last year. As reported by the Jacksonville Business Journal, the Home Price Index compiled by CoreLogic, a data analytics company, shows the price of Florida homes increased 9.3% in 2015.

Florida home prices still have not reached pre-recession peaks; according to CoreLogic, our home prices remain nearly 25% less than those all-time highs. However, CoreLogic predicts Florida home prices will rise about 8%, more than the anticipated national increase of 5.3 %.

These numbers are good news for both Buyers and Sellers. Home prices continue to rise, yet Florida–and Jacksonville– homes remain relatively affordable, well below the sky-high prices of ten years ago.

If you would like information about buying or selling your home, give me a call at 904-570-1216 or shoot me an email at jonkbrooks@gmail.com.

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