Zillow Home Value Index: 'Real' Home Values Drop Sharply
2026-05-22·via All Articles on Seeking Alpha
Summary
Home values continued their upward trend in April, according to the Zillow Home Value Index. However, after adjusting for inflation, real home values dropped sharply.
Last month's ZHVI came in at $368,198, up 0.02% from the previous month and up 0.61% from one year ago. After adjusting for inflation, the real figures are -0.51% month-over-month and -2.60% year-over-year.
According to the ZHVI, today’s home values are below that of the (inflation-adjusted) housing peak in 2006 and are currently 13.26% off their all-time high from July 2022.
Pakin Jarerndee/iStock via Getty Images
By Jennifer Nash
Zillow, the real estate listing and brokerage website, provides a wealth of publicly available real estate data. Among these, the Zillow Home Value Index (ZHVI) offers a seasonally adjusted measure of home