An updated analysis of Zillow Home Value Index data by Fortune (see chart below), finds that 38% of the nation's 200 largest housing markets saw a month-over-month home price decline in February. That share has steadily declined over the past few months.
At the height of the housing correction, 79% of the nation's 200 largest housing markets saw a month-over-month home price decline in September. In October, 76% of those major markets saw a home price decline. In November and December, it was down to 64% and 67%, respectively. And by January, just 47% of the nation's 200 largest housing markets registered a month-over-month home price decline.
