Home values in Greater Boston defied the nationwide trend, increasing 3.4% year-over-year in the second quarter, states a new report by Zillow.
In the Boston area, the average home value of properties listed on Zillow is $331,568, up 3.2% from the first quarter.
In the Cape Code area, home values fell 2.8% year-over-year to $318,026.
Home values nationwide continued to decline in the second quarter, with the Zillow Home Value Index falling 3.2% year-over-year and 0.6% from the first quarter to $182,500.
The national rate of value decline decreased from the first quarter, marking the second consecutive quarter of slowing declines, according to the second quarter Zillow Real Estate Market Reports.
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