Home prices in South Florida have grown by 8.9 percent in the fourth quarter compared to the same time frame from last year. According to a new report by Attom Data Solutions, the average price of homes in the region is $245,000, with properties in in Miami-Dade at $269,000 (up 9.8 percent compared to 2016) and up 109 percent from $129,000 at the bottom of the cycle in 2011. Home prices peaked in 2007 at nearly $309,000. In Broward County, home prices increased 9 percent year-over-year to $227,900, marking the biggest spike since 2011, when the median price was $100,000.
