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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