While homes are losing their values at a recent high, homes in the Boston area are retaining their value better than their counterparts.
Nearly 21 percent of Greater Boston homes lost their value according to Zillow. Additionally, just 1.1 percent of new listings were priced below their last sale value. The effect was greater in Hartford, Connecticut as just 12.7 percent of homes lost their value and 1.3 percent of new listings were priced below their last sale value.
But in the United States at large, 54 percent of homes are losing their value, the highest share since 2012 according to Zillow. Additionally, 3.4 percent of new listings were priced below their last sale value.
Source: Not All Boston Area Homes Holding Value – Banker & Tradesman
