Sarasota-Bradenton home prices climb 5%

The residential real estate market in the North Port-Sarasota-Bradenton region continued a yearlong rebound in home prices in November.

Home prices in the region, including distressed sales, increased 5.6% in November 2014 over November 2013, according to a report from Irvine, Calif.-based real estate data firm CoreLogic. Home prices in the region on a month-over-month basis, including distressed sales, increased at a slower pace, 0.8%, in November 2014 compared to October.

The national CoreLogic Home Price Index shows a similar growth track. On that end, home prices nationwide, including distressed sales, increased 5.5% in November 2014 compared to November 2013. That marks 33 months of consecutive year-over-year increases in home prices nationwide, according to the CoreLogic report. On a month-over-month basis, home prices nationwide, including distressed sales, rose 0.1% in November 2014 over October, the report shows.