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| 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.
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| 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:
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