Our local market has made quite a bit of progress since 2011, but has it advanced too far?

Housing bubble talk has grown strangely common the last few months, what with home prices nationally posting double-digit increases from where they were a year ago – and here in Miami, there may be some cause for concern.

Per the latest Bubble Watch from Trulia, home prices in Miami are 6 percent overvalued, compared to fundamentals, while nationwide, prices are still 5 percent undervalued nationwide,

How do we compare with other local markets? See our graph below to find out: