Home prices in metro Orlando rose again in June, but did not continue the region’sstreak of double-digit growth, according to the latest CoreLogic (NYSE: CLGX) Home Price index.
Including distressed sales, home prices in the Orlando-Kissimmee-Sanford area jumped 8.6 percent in June compared to the year-ago period. Month-over-month, prices increased 0.2 percent in June compared to May 2014.
Excluding distressed sales, year-over-year prices in metro Orlando rose 8.9 percent in June, while month-over-month home prices, excluding distressed sales, increased 1.1 percent in June compared to May 2014.
Other highlights from the report:
Florida was among the five states with the largest peak-to-current declines, including distressed transactions, at 34.1 percent. Nationally, home prices are expected to rise 5.7 percent from June 2014 to June 2015. “Home prices are continuing to rise fueled by ongoing tight supply, low rates and aggressive investor buying on the East and West Coasts,” said Anand Nallathambi, president and CEO of CoreLogic. “The expected surge in the number of homes for sale has not materialized to date as many homeowners are staying put and waiting for better economic times and higher prices in the future.”