Thursday, October 10, 2013

Median Home Prices Trending Downward as Moderation Sets into Market, According to ZipRealty

  



  
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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