Zillow Home Value Data Now Available for Feb.
Zillow.com released housing price data today with home values through February, see the graph above of Zillow's monthly U.S. Home Value Index back to January 1996 (you can also get price data and graphs for more than 100 metro areas, and all states). According to Zillow, its Home Value Index is calculated as the median value (Zestimate) of all homes in a particular geographic area, and for the national index shown above, the housing price data are weighted according to population in each area.
The median Zillow price in February 2011 of $170,000 was the lowest since June 2003, more than 7 and a-half-years ago, and is 29% below the $240,000 peak Zillow median home price in May 2006. For an estimate (or "Zestimate") of your home's value, go here and type in your address. Warning: You might be depressed, I know I was, but maybe that's because my home is in Michigan.