Latest Zillow Real Estate Market Report Shows Increase

24 Oct

The Zillow Home Value Index shows a 6.4% year-over-year increase, with New York’s year-over-year at 4.2%, calculated on October 13.

The full report can be found here:  http://www.zillow.com/local-info/

 

Zillow’s Home Value Index was at $163,000 by the end of the third quarter of 2013—unchanged from August, but a 6.4% increase from the previous year and up 1.2% from the second quarter. On a quarterly basis, the pace of appreciation slowed by around half compared to the second quarter.

In the next 12 months, Zillow predicts that annual appreciation will slow “markedly” as moderation spreads, to an annual pace of 3.8% nationwide by September 2014.

 

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