A study released Tuesday said the majority of home values around the western United States, including Colorado, dropped in the past year — though the region’s homeowners were more likely to believe their home’s value increased than homeowners in other regions.

Aurora homeowners may be on the winning side of all of these arguments, according to local Realtors.

The study, by the online real estate information clearing house Zillow.com, said that in the West, homeowners were the least realistic about their own home’s values, with 28 percent believing they increased in the past 12 months, when, according to Zillow, just 17 percent of homes in the region actually increased in value. The study said 78 percent of the homes in the region saw their values fall, while five-percent stayed the same.

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