Case-Shiller Miami Home Price Index January 1987 to November 2015
After falling by nearly half from its 2006 peak, the Case-Shiller index has appreciated by more than 50% from its 2011 trough as of November 2015. This level is now about 26% less than the peak levels of 2011, confounding many that thought such recovery would take years if not decades more.
This strength has fueled much of the activity in the Miami area, as land values appreciate in line with higher home prices and correlated higher residential per unit sales prices per unit.