May 07, 2009

Area home values fall 6.4% to $209,126  05/07/09 12:01 AM

Richmond-area home values have fallen to $209,126—about where they were in late 2005, according to a report released yesterday by Zillow. That represents a 6.4 percent decline in the first quarter from the same period a year ago. The value is a median, meaning half the houses are worth more and half less. Some neighborhoods are holding their values better than others, the online real estate company reported.

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