U.S. Median Home Prices Increase 11 Percent in 2012, Says ZipRealty
(Thomson Reuters ONE) -
Phoenix and South Florida reported the highest gains.
EMERYVILLE, Calif., Jan. 30, 2013 - ZipRealty, Inc. (http://www.ziprealty.com)
(NASDAQ: ZIPR), the leading online technology-enabled residential real
estate brokerage company, today announced that according to the ZipRealty Home
Price Report, which is based upon authoritative transactional and MLS data in
33 major metros, U.S. median home sale prices have increased 11% on a year-over-
year basis to $211,312. In 2011, the median home sale price was $190,000,
according to data released by ZipRealty.
While a recent report on existing home sales issued this week by the National
Association of Realtors (NAR) found that home prices increased an average of
6.3% nationwide, ZipRealty found that in the 33 markets they and their Powered
by Zip partners serve, home sale prices increased an average of 11%. According
to ZipRealty's data, Phoenix, Miami and Palm Beach, Fla., showed the largest
increases in home prices on a year-over-year basis.
Phoenix prices increased 29% from $112,329 to $145,500; Miami prices jumped 23%
from $126,000 to $155,000; and Palm Beach housing prices rose 16% from $125,000
to $145,000 last year. Chicago home prices dipped 3% from $165,000 to $160,000
at year's end; prices in Long Island's Nassau and Suffolk counties in New York
remain unchanged at $350,000; and Brooklyn, N.Y. home prices grew nominally from
$420,500 to $421,000, according to ZipRealty data.
"The metros that suffered the most during the real estate downturn - South
Florida and Phoenix - have exhibited the greatest improvement recently,"
according to Jamie Wilson, ZipRealty's Senior Vice President of Technology, who
oversees the firm's research department. "Previously, these metros were
characterized by a high volume of housing market distress in the form of
foreclosures, and we are now seeing that trend reverse itself with greater
volumes of regular re-sale activity even in many of the hardest hit markets."
The following ZipRealty Home Price Report metrics demonstrate the real estate
market's continued recovery:
* U.S. Median Home Price in 2012: $211,312
* U.S. Median Home Price in 2011: $190,000
* Increase on Year-Over-Year Basis: +11%
"An even greater degree of stability is expected to return to the housing market
as 2013 progresses, barring some unforeseen crisis that would weaken the U.S.
economy", notes Lanny Baker, Chief Executive Officer and President of ZipRealty.
"We expect to see housing values appreciate steadily, albeit gradually, with the
strongest growth in coastal markets like San Francisco and parts of Florida," he
adds. "Home sellers who have delayed putting their home up for sale in recent
years may consider whether 2013 is finally the year to take advantage of
improving macroeconomic conditions and a healthier real estate market."
www.ziprealty.com
###
About ZipRealty, Inc.
ZipRealty is a leading national real estate brokerage and provider of
proprietary technology and comprehensive online marketing tools for the
residential real estate brokerage industry. For home buyers and sellers who
increasingly want control, choice and a seamless, customized service, ZipRealty
offers Internet-enabled, state-of-the-art technology and complete access to
accurate, timely information via their website and mobile applications, which
real estate professionals can combine with their own local knowledge and
personal expertise to offer an exceptional start-to-finish client experience.
For real estate professionals who seek more productive ways to conduct business,
ZipRealty provides technology and online marketing tools to enhance their online
sales channel, including lead generation, conversion and service of their
clients. ZipRealty's technology and online marketing products serve its full-
service, owned-and-operated residential real estate brokerage business in 20
markets nationwide, as well as its Powered by Zip network of leading third-party
local brokerages in 13 markets.
Media Contact: Stacey Corso
510.735.2667
scorso(at)ziprealty.com
ZipRealty Home Price Report:
http://hugin.info/143630/R/1674024/545042.png
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ZipRealty via Thomson Reuters ONE
[HUG#1674024]
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
" alt="TEMBO GOLD REPORTS SHALLOW RC DRILL HOLE TRC0003 AT NGULA 1 TARGET WITH 4.73 G/T GOLD OVER 23.00 METRES, INCLUDING 28.57 G/T GOLD OVER 3.00 METRES
Datum: 30.01.2013 - 16:00 Uhr
Sprache: Deutsch
News-ID 224611
Anzahl Zeichen: 5332
contact information:
Town:
Emeryville, CA
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 204 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"U.S. Median Home Prices Increase 11 Percent in 2012, Says ZipRealty"
steht unter der journalistisch-redaktionellen Verantwortung von
ZipRealty (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
