Home values dropped $22,800 to $166.300 in the Twin Cities metro for the last quarter of 2010 compared to the previous year, according to Zillow.com.
That 12 %t decline is the highest for the area since Zillow began keeping statistics in 1996.
Zillow reports the value of all homes, instead of sales.
Thus the Minnesota Association of Realtors report only showed a 1.9% decline in sales for Dec., 2010.
