Real Estate Market Reports

Zillow recently released its fourth quarter Real Estate Market Reports for the nation and 143 metropolitan areas.

While 2009 brought some stabilization in home values to the country, the latter part of the year saw this momentum flowing out of the market. This is especially evident in one in five markets, where a “double dip” in home values is a strong possibility in early 2010.

The full national report, in its new, interactive format, is available at www.zillow.com/local-info or by emailing press@zillow.com. Additionally, in most areas data is available at the state, metro, county, city, ZIP and neighborhood level.

Topline National Results:

• Negative equity remains high at 21.4 percent of all single family homes with mortgages, but was relatively flat quarter-over-quarter.
• U.S. home values fell 5 percent year-over-year, and declined 0.5 percent quarter-over-quarter, marking the 12th consecutive quarter of year-over-year declines.
• One in five, or 29 of the 143 markets tracked by Zillow, show signs of a “double dip,” defined as at least five consecutive month-over-month increases in home values during 2009 before beginning to fall again in the second part of the year.

Additional resources available for media:

• Fourth Quarter Real Estate Market Reports press release
• FAQ's on key metrics included in Zillow Real Estate Market Reports
• Explanation of Data Source: Analysis of Zillow's home value data compared to OFHEO and Case-Shiller Indexes and NAR/Median Sale Price reports

For additional questions or to request an interview, contact Zillow PR at press@zillow.com or 206-757-2701. Custom data and graphics, examples below, are also available in higher resolution upon request.