San Francisco's Golden Gate Bridge
EMERYVILLE, CA, June 11, 2013 − ZipRealty’s new Housing
Trends Report showing a 16.4% year-over-year increase in median home prices in
24 metros, according to MLS data. The median home price in these metro areas
rose to $262,409 as of April 30, 2013.
 |
| Lanny Baker |
“We’re seeing sales close quickly – in 32 days on average –
at nearly full listing price or 98.9% of their asking price,” says ZipRealty
CEO and President Lanny Baker. “In fact, homes are selling at 100% or
more of their list price in nine cities we analyzed, and in two weeks or less
in six cities we analyzed,” he notes.
“Mindful comments about another housing bubble deserve
attention. But more than anything else, buyers and sellers in the market today
are in agreement: Homes are moving fast and the gap between what sellers are
asking and what buyers are willing to pay is small,” Mr. Baker says.
“We’re starting to
see more new listings coming to market, with 8% more new listings in April 2013
than in April 2012.
"However, the heated pace of recent buyer activity means
overall inventory levels are still 30% lower than this time last year.”
· The San
Francisco Bay Area, Las Vegas, Orange County, Sacramento and LA have seen the
biggest increases in median sales prices on a YOY basis as of April 30, 2013.
For a complete copy of the company’s news release, please
contact:
Stacey Corso
510.735.2667
No comments:
Post a Comment