EMERYVILLE, CA -- After a few months of decelerating home
sales price trends, the tide might be turning − or at least stabilizing − in
the real estate market, based on ZipRealty’s latest analysis of key housing
market trends.
 |
| Las Vegas Skyline |
Median home sale prices rose 11.9% in the month ended Dec.
15, 2013 compared to the same period of 2012, and that’s just over half a
percentage point stronger growth than in the 30-day period ended Nov. 30, 2013.
The median sales price in the metros analyzed by ZipRealty
was approximately $267,000 as of mid-December 2013.
Median home price growth leaders as of Dec. 15, 2013
include:
· Sacramento
and Las Vegas, 30% YOY growth
· The San
Francisco Bay Area, Los Angeles and Orlando, 24% YOY growth
· Orange
County and San Diego, 22% YOY growth
Metros where home buyers can find the best bargains, or
where home sales price growth has been relatively flat to minimal
year-over-year as of Dec. 15, 2013, are located on the East Coast:
 |
| Downtown Philadelphia, PA |
·
Philadelphia, flat with no YOY growth
· Long Island
and Baltimore, with 2% YOY growth
Additional housing market trends to watch include the recent
decline in newly advertised home listings.
New home listings dropped into
negative territory for the first time in 10 months to negative (3%) or 98,771
listings in the four-week period ending on Dec. 15, 2013.
Metros that are seller’s markets, based on a decline in new
home listings YOY as of mid-December, include:
· Denver, a
31% decline
· The SF Bay
Area, a 27% decline
· Austin, a
17% decline
Home buyers can find the best opportunities in these
markets, based on the number of new home listings YOY as of Dec. 15, 2013:
 |
| Denver, CO Skyline |
· Portland,
with a 20% increase
· Phoenix, with an 11% increase
· Baltimore,
with an 8% increase
For a complete copy of the company’s news release, please
contact
Stacey Corso
Public Relations Manager
ZipRealty, Inc.
Office: 510.735.2667
Cell: 415.672.6460
Follow us on Twitter: @ZipRealty
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