Saturday, July 26, 2014

ZipRealty Names the Fastest-Moving Housing Markets at Mid-Year


Lanny Baker
EMERYVILLE, CA– ZipRealty, Inc. (http://www.ziprealty.com) (NASDAQ: ZIPR), a leading online residential real estate brokerage and provider of technology and marketing solutions, has released new data analyzing the fastest-moving housing markets, and new research on how consumers might increase their chances of buying a home in these competitive markets.

ZipRealty analyzed housing market trends in 23 metro areas at the end of the second quarter. The median days on market in these metros remained relatively steady at 29 days, compared to 27 days as of June 30, 2013. The fastest-moving markets at the end of the second quarter were:

1)     Austin – 10 days
2)     Washington, D.C./Northern Virginia – 14 days
3)     Dallas, Portland and Denver – 15 days
4)     Houston and Seattle – 17 days
5)     Sacramento and Boston – 19 days

Median sales price leaders as of the end of Q2 were:

1)     Sacramento – $267,000, 15% year-over-year increase
2)     Austin – $266,000, 14% year-over-year increase
3)     Las Vegas – $182,000, 12% year-over-year increase
4)     Houston – $215,000, 12% year-over-year increase
5)     Orlando – $154,000, 11% increase



Engaging on Multiple Devices Helps

“As prices continue to rise and for sale housing inventory remains low, serious buyers need as much intelligence as possible about the housing market,” said ZipRealty CEO Lanny Baker.

“We’ve developed a variety of tools to help consumers compete when bidding on a for-sale home. 

"Our latest Housing Trends Report, data on multi-platform home searches and ZipRealty’s 2014 Home Buyer Survey are just some of the tools that give consumers real-time insight into how to quickly close transactions.”

An August 2013 Google Consumer Survey revealed that 90% of consumers begin their home search on the Internet, with nearly half of those people starting that search on their phone.

For a complete copy of the company’s news release, please contact:

Stacey Corso
510.735.2667


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