National home values posted their smallest monthly increase since May 2012, rising 0.2 percent from December to January as the number of homes on the market grew 11.2 percent from a year ago, according to estimates generated by Zillow.
Zillow’s Home Value Index — which attempts to estimate the value of all single-family residences, condominiums and cooperatives, regardless of whether they sold within a given period — pegged national home values at $169,600, up 6.3 percent from a year ago.
Inventory was up in 22 of the 35 largest metro areas covered by Zillow, with Phoenix, Las Vegas and Sacramento seeing the biggest increases. Source: prnewswire.com.
