It's no secret that home prices in Florida have risen substantially over the last couple of years. However, some markets have increased more sharply than others. For example, according to the S&P Core Logic Case-Shiller Index released in June of 2022, Tampa saw home price increases of about 34% over the course of a year, while Miami saw increases of around 32%. (The Florida housing market in general rose about 21% over one year's time, according to data from March of 2022.) Although there may be signs that the market is cooling in some areas, prices also remain high in hot markets.