After I finished a comparison of the 4th quarter of 2011 to the 4th quarter of 2012 in the Upper Keys, I was asked to do the same comparison for the two full years. This is what I found:
Overall, this is a good sign that the real estate market is enjoying a healthy recovery. Prices are not surging upward at dramatic rates, but they are increasing.
If you're considering a purchase in the near future, now is the time to make a move while prices are still improving and rates are still competitive.
What are your thoughts? Do these increases indicate a recovering market? Please share in the comments section.
Click on the graph for a larger version.