Tuesday, January 29, 2013

U.S. Median Home Prices Increase 11 Percent in 2012, Says ZipRealty




EMERYVILLE, CA – ZipRealty, Inc. (http://www.ziprealty.com) (NASDAQ: ZIPR), the leading online technology-enabled residential real estate brokerage company, announced that according to the ZipRealty Home Price Report, which is based upon authoritative transactional and MLS data in 33 major metros, U.S. median home sale prices have increased 11% on a year-over-year basis to $211,312.

In 2011, the median home sale price was $190,000, according to data released by ZipRealty.

While a recent report on existing home sales issued this week by the National Association of Realtors (NAR) found that home prices increased an average of 6.3% nationwide, ZipRealty found that in the 33 markets they and their Powered by Zip partners serve, home sale prices increased an average of 11%.

 According to ZipRealty’s data, Phoenix, Miami and Palm Beach, Fla., showed the largest increases in home prices on a year-over-year basis.

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

Stacey Corso
510.735.2667

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