Sarasota-Bradenton home prices up 10%

Home prices in the North Port-Sarasota-Bradenton market continue to rise.

On an annual basis, home prices in the area, including distressed sales, increased 9.8% in April compared to April 2014, according to a new report from real estate data firm CoreLogic. On a month-over-month basis, home prices, including distressed sales, rose 2.6% in April compared to March, the report shows.

While prices rise, the rate of foreclosures continues to fall, according to a separate CoreLogic report.

The rate of foreclosures among outstanding mortgage loans in the North Port-Sarasota-Bradenton area was 2.52% in March. That's a decrease of 2.51 percentage points compared to March 2014, when the rate was 5.03%. Foreclosure activity in the region remained higher than the national foreclosure rate, which was 1.39% in March.