Zillow has posted their 4th quarter home value reports (Excel format).

Values dropped by .36% from 3rd quarter. That’s an annual decline of 1.44%. Naturally, values are almost 9% higher than Q4 2005.

What’s strange is that two of my neighbors placed their homes on the market, and within several days both houses sold for 20-25% more than their Zillow prices.

According to Zillow, the price of my home continues to decline ever-so-slightly, but I’m not concerned. It’s gone from a speculator’s market to a home buyer’s market. The market will flatten until boomers start to truly “retire” - and I’m holding tight.

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