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APRIL2019 Washington Metro

National Home Values

Current: $226,800Monthly Change: -0.1%Quarterly Change: 0.4%Annual Change: 6.1%Negative Equity*: 8.2%

Washington Home Values

Current: $407,700Monthly Change: -0.1%Quarterly Change: 0.3%Annual Change: 2.4%Negative Equity*: 9.7%

Home Values Forecast

(next 12 months)

National: 2.8%Washington Metro: 1%

Major Cities - Home Values

WashingtonCurrent: $573,900Monthly Change: -0.8%Annual Change: 2%

Silver SpringCurrent: $410,400Monthly Change: -0.6%Annual Change: 2.7%

ArlingtonCurrent: $689,800Monthly Change: 0.1%Annual Change: 1.2%

WoodbridgeCurrent: $327,000Monthly Change: 0.1%Annual Change: 3.1%

FredericksburgCurrent: $281,900Monthly Change: 0.2%Annual Change: 1.7%

Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community

City ZHVI Year-over-Year-8.0% -7.9% - -2.8% -2.7% - -1.2% -1.1% - -0.1% 0.0% - 1.9% 2.0% - 3.4% 3.5% - 5.4% 5.5% - 9.4% 9.5% - 15.5%

Home Values (ZHVI)Increasing Values: 64.4%Decreasing Values: 23.4%Fall From Peak: -6.4%Peak ZHVI Date: 2006-04Peak ZHVI: $435,400

RentZillow Rent Index: $2,176

Monthly Change: 0.1%Annual Change: 2.2%

Rent List Price: $2,200Rent List/Sq. Ft.: $1.7

SalesMedian Sale Price: $–

Monthly Change: –%Annual Change: –%

Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%

ListingsMedian List Price: $444,900

Monthly Change: 2.4%Annual Change: 1.1%

List Price/Sq. Ft.: $236Listings with Price Cut: 13.6%Amount of Price Cut: 2.5%

ForeclosuresHomes Foreclosed: –/10, 000

Monthly Change: –Annual Change: –

Foreclosure Resales: –%Monthly Change: –ppAnnual Change: –pp

How do we track home values? Totrack home values, we use the ZillowHome Value Index (ZHVI). The ZHVI isthe mid-point of estimated home valuesfor the area. Half the estimated homevalues are above this number and halfare below.

* Negative equity data is from 2018Q2.

APRIL2019

*The top 20 largest cities and top 10 (or all) counties within the metro are listed. Additional counties, cities, neighborhoods and ZIP codes may be

available online at www.zillow.com/research/data by emailing press@zillow.com

Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.

www.zillow.com/research/

Largest Cities Covered by Zillow

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Alexandria 2,304 -0.3 -1.9 -5.7 12.7Arlington 689,800 0.1 1.2 1.2 2,787 0 -0.1 1.4 1.8 7.4Ashburn 545,400 -0.1 1.1 3.3 2,530 0.3 0.5 1.6 1.7 5.1Bowie 355,000 -0.1 0.7 3 2,181 0.1 0.2 1.8 1.5 12.8Fairfax 552,300 0.1 0.6 3 2,507 0.2 0.4 1 1.4 5.6Falls Church 561,600 -0.2 0.3 3.5 2,447 0.2 0.3 0.5 1.4 6.0Frederick 287,500 -0.6 -0.2 3.7 1,737 0 -0.2 1.7 1.4 11.6Fredericksburg 281,900 0.2 0.5 1.7 1,624 0.2 1 2.9 1.4 11.8Germantown 303,900 -0.1 0.8 1.9 1,864 0.1 0.1 0.6 1.1 13.4Herndon 533,600 0.1 1 4.1 2,436 0 -0.7 -0.3 2.4 5.4Laurel 327,600 0.3 1.3 3.7 2,066 0 0.2 3.5 2.2 12.6Leesburg 535,400 -0.1 1 3.8 2,405 0 0 2 2 5.3Manassas 393,000 -0.1 -0.2 0.3 1,941 0.1 0.4 0.5 -0.6 8.2Silver Spring 410,400 -0.6 -0.1 2.7 2,236 0 0.1 2.2 0.6 10.0Springfield 501,800 0.2 0.8 4.4 2,425 0.2 0.2 1.1 2.2 5.5Stafford 346,200 0 0.9 2 1,956 0.2 0.3 2.8 1 13.7Sterling 423,400 -0.1 0.6 3.4 2,161 0.2 0.5 1 1.5 5.4Waldorf 296,100 -0.4 0.2 5.2 1,943 0.1 0.5 2.5 2.1 17.2Washington 573,900 -0.8 -1.3 2 2,595 0.1 0.1 1.6 -0.5 10.6Woodbridge 327,000 0.1 0.6 3.1 1,893 -0.1 0.3 5.2 1.4 10.8

Largest Counties Covered by Zillow

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Alexandria City 2,304 -0.3 -1.9 -5.7 12.9Arlington County 689,800 0.1 1.2 1.2 2,787 0 -0.2 1.4 1.8Charles County 302,200 -0.3 0.4 4.1 1,941 0.1 0.6 4.5 1.5District of Columbia 574,100 -0.8 -1.3 2 2,595 0 0 1.6 -0.5 10.7Fairfax County 548,200 0.1 0.6 2.7 2,506 0.2 0.3 1 1.3Frederick County 319,100 -0.4 -0.3 3.5 1,795 0.1 -0.3 0.1 1.3Loudoun County 502,000 -0.1 0.7 3.8 2,354 0.2 0.4 2.1 1.8Montgomery County 451,600 -0.5 0 1.7 2,331 0 0 2.3 0.4Prince Georges County 297,400 -0.5 0.1 3.2 2,029 -0.1 0.1 4.4 1Prince William County 373,100 -0.1 0.2 2.9 2,056 0 0.2 3.4 1.1