Annual Home Values Rise 6.5 Percent Nationwide in February

Posted by Bonnie Martin Designated Broker on Wednesday, March 27th, 2013 at 7:50am.

January’s strong start to 2013 continued into February, with national home values appreciating by 0.1 percent month-over-month, to a Zillow Home Value Index of $158,100. February marked the 16 consecutive month of appreciation, and U.S. home values have risen 6.5 percent since hitting bottom in October 2011. The last time home values rose to this level was in June 2004.

National home values in February were up 5.8 percent year-over-year, the second-largest annual gain since August 2006, behind only January 2013 (6 percent). Of the 30 largest metros covered by Zillow, all experienced annual and monthly appreciation. 

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