Tampa, FL – Tampa and Miami posted the highest annual increases in luxury home prices among major U.S. metropolitan areas, according to a new housing market report that highlights continued strength in Florida’s high end real estate market.
The report from Redfin analyzed home sales during the three month period ending May 31st and found luxury home prices nationwide increased 4.7% from the same period one year earlier. During that same timeframe, prices for non luxury homes rose 1.5%.
Tampa recorded the largest increase in luxury home prices, with values climbing 15.6% year over year. Miami followed closely behind with a 14.2% increase…