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Home prices in Florida fell 3.3% between December 2011 and the same month a year ago, according to the Home Price Index managed by CoreLogic, a California-based research firm.
Two of the Gulf Coast's three major metro areas saw even sharper declines. Prices in North Port-Bradenton-Sarasota were down 6.7% over the year, while Tampa-St. Petersburg-Clearwater prices fell 7.4%.
But the Cape Coral-Fort Myers market continues to lead the way in the housing recovery. Prices there have risen 2% over the past year, CoreLogic estimates.
Beyond the apparent price recovery in the local market, the Fort Myers area is making the longest strides in terms of fixing its foreclosure issues.
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