EMERYVILLE, CA, Oct. 10, 2013 – ZipRealty, Inc. (http://www.ziprealty.com) (NASDAQ: ZIPR),
the nation’s most prominent online technology-powered residential real estate
brokerage firm and real estate marketing solutions provider, has released its
new Housing Trends Report that shows home prices are moderating nationwide.
 |
| Lanny Baker |
“The fall’s cooler temps are being matched by a cooling off
in the housing market’s red-hot trends, according to Lanny Baker, CEO
and President of ZipRealty.
“For the month ended Sept. 15, median homes sale prices in
the 24 metropolitan areas surveyed were up 14% year-over-year, compared to a
nearly 16% gain one month earlier.
“Median sale prices were higher than a year ago in all
cities studied, but the year to year median price increases shrank in 19 out of
24 markets. The median sale price of about $272,000 in mid-September was also
about 2% lower than in mid-August 2013.”
“Further moderation in trends was evident in sold-to-list
price ratios, new listings volume, pending sales volume, and days on market
data for mid-September,” continued Mr. Baker.
“The median number of days on market inched up from 28 in
mid-August to 30 in mid-September, though houses are still selling faster this
year than last year in every city except Phoenix.”
For a complete copy of the company’s news release, please
contact:
Stacey Corso
510.735.2667
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