Home values across the United States fell 6.2% in the second quarter from a year earlier with a slight 0.4% gain from the first quarter, according toÂ Zillow.
The average home values hit $171,600 during the three months ended June 30, but remain nearly 30% below the peak of June 2006, according to the online real estate services firm.
Values dropped in 142 of the 154 metropolitan statistical areas covered by Zillow. About two-thirds of the MSAs experienced home value appreciation.
At the same time, the rate of foreclosure resales fell from the peak in March when 21.4% of all sales were classified as foreclosures. In June, 19.7% of sales involved foreclosures.
The report concluded the double-dip decline in home prices that began in 2010 continued in the first quarter of this year, with prices dropping in 302 of the 384 markets surveyed.