- Associated Press - Sunday, January 4, 2015

ORLANDO, Fla. (AP) - Three Florida metro areas had among the biggest increases in home prices year over year.

The firm RealtyTrac said last week that Lakeland, Miami and Sarasota had among the biggest gains in home prices from November 2013 to November of this year.

Lakeland’s median sales price increased 18 percent. Miami saw an acceleration of 13 percent, and Sarasota had a 12 percent increase.

However, two metro areas in Florida were at the top of the list in distressed sales. Distressed sales made up around a quarter of all sales in Miami and Jacksonville.

Distressed sales include foreclosures or when a home is sold for less than what an owner owes on the property.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide