【Zillow】Home Value Appreciation Goes into Overdrive (February 2021 Market Report)

• The Zillow Home Value Index (ZHVI) rose 1.1% for the 3rd month in a row, and 9.9% year-over-year, to $272,446.
• The Zillow Observed Rent Index (ZORI) rose to $1,708 in February, up 0.4% from January and the second straight month of solid growth, suggesting the national rental market may be out of the doldrums.
• For-sale inventory continued to fall, now down 30.3% year over year.

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