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EMERYVILLE, CA, July 22, 2013 – ZipRealty, Inc. (http://www.ziprealty.com) (NASDAQ: ZIPR),
the leading online residential real estate brokerage and technology provider,
has released its latest Housing Trends Report with data compiled as of June 30,
2013.
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| Lanny Baker |
“ZipRealty’s latest
report provides our first real glimpse into the health of real estate market
since mortgage interest rates began to rise in mid-June,” says CEO and
President Lanny Baker.
“During the third
week of June, mortgage rates posted their largest one-week increase in more
than a quarter-century and rates are now 1% higher than they were a month
earlier. However, that hasn’t mattered much in terms of home sales prices and
transaction activity,” he says.
“The median home
sales price in the 24 markets we analyzed was over $280,000, up $10,000 from
May 2013 and 16% higher than May 2012.
Sales prices in June hovered above 99% of list prices on
average, just as we’ve seen in prior months.
Median days on market for homes sold in June decreased by
another two days compared to May 2013 − and at 27 days stands nearly two weeks
shorter than last June. These indicators point to a market that appears to be
relatively undisturbed by the recent rise in interest rates − as of yet,” Baker
shares.
For a complete copy of the company’s news release, please
contact:
Stacey Corso
510.735.2667
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