Tuesday, August 13, 2013

Which Housing Markets Offer the Most Opportunities for Interested Buyers?

  
Denver skyline
EMERYVILLE, CA – ZipRealty, Inc. (http://www.ziprealty.com) (NASDAQ: ZIPR), the most prominent online technology powered residential real estate brokerage firm and real estate marketing solutions provider, has released a list of the 10 housing markets with the greatest opportunities for home buyers based on MLS data analyzed by ZipRealty’s Business Intelligence Team.
Lanny Baker
“The tight supply of for sale housing inventory in 2013 has created bouts of buyer competition that have pushed home prices upward and driven the amount of time that homes are on the market sharply downward,” said Lanny Baker, CEO and President of ZipRealty. “However, an increase in new listings is offering the first signs that tight inventory conditions might finally find some relief.” 
“Across the 24 metros analyzed every two weeks in ZipRealty’s Housing Trends Report, new listings that came to market between mid-June and mid-July 2013 were 14% higher than in the same period of 2012, marking the strongest year-over-year growth in new listings in any 30-day period so far this year,” he noted.

Seven cities saw 20%-plus leaps in new listings, including Denver (26%), Portland (25%), San Diego (24%), Orange County (24%), Baltimore (24%), and Washington, DC/Northern Virginia (23%).


As of July 15, the housing markets with the most opportunities based on new listings data from ZipRealty include:






Metro Area                               YOY Increase in Listings                                Median Sales Price

1) Denver                                              26%                                                      $273,500
2) Portland                                            25%                                                      $269,000
3) San Diego                                         24%                                                      $430,000
4) Baltimore                                          24%                                                      $270,000
5) Seattle                                              24%                                                      $295,000
6) Orange County                                  24%                                                      $540,000
7) DC/Northern VA                                 23%                                                      $395,000
8) Tucson                                              19%                                                      $165,000
9) Orlando                                             18%                                                      $140,132
10) Dallas                                             18%                                                      $192,500

For a complete copy of the company’s news release, please contact:
Stacey Corso
510.735.2667

scorso@ziprealty.com 


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