Asking prices ended the year with a bang, according to new analysis.

The Miami housing market closed off 2014 in a strong way, with asking prices rising 11.9 percent for the year, according to the latest Price Monitor from Trulia.

That was in addition to a 3.9 percent quarterly increase, and a robust 7.4 percent year-over-year increase for rents.

Trulia Price Monitor in December

What’s interesting about Miami’s asking price data is how it continues to outpace the national averages. Miami’s year-over-year increase, for instance, was far above the 7.7 percent for the entire U.S., and was similarly ahead of the nation’s 3.4 percent quarterly increase. Can the Miami market sustain such increases? We’ll be closely monitoring the markets in 2015, to find out.

See our infographic below for more perspective on how Miami’s price growth compares with that of other metro areas: