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Miami luxury home prices rise 18% YoY in July, Redfin says

Luxury home-sale prices in Miami rose 18% year-over-year in July, the biggest gain among the 50 most populous U.S. metros, Redfin said. Tampa followed with prices up 15.4% YoY.

Luxury home-sale prices in Miami rose 18% year-over-year in July, the biggest increase of the 50 most populous U.S. metros, Redfin says.

That's followed by Tampa, where prices increased 15.4%.

Luxury prices are growing at least three times faster in those Florida metros as they are in the U.S. as a…