Inventory is rising in several metros, with new listings in Denver topping the list.
EMERYVILLE, Calif., Aug. 12, 2013 /PRNewswire/ -- ZipRealty, Inc. (http://www.ziprealty.com) (NASDAQ: ZIPR), the most prominent online technology powered residential real estate brokerage firm and real estate marketing solutions provider, has released a list of the 10 housing markets with the greatest opportunities for home buyers based on MLS home listings data analyzed by ZipRealty.
"The tight supply of for sale housing inventory in 2013 has created bouts of buyer competition that have pushed home prices upward and driven the amount of time that homes are on the market sharply downward," said Lanny Baker, CEO and President of ZipRealty. "However, an increase in new listings is offering the first signs that tight inventory conditions might finally find some relief."
"Across the 24 metros analyzed every two weeks in ZipRealty's Housing Trends Report, new listings that came to market between mid-June and mid-July 2013 were 14% higher than in the same period of 2012, marking the strongest year-over-year growth in new listings in any 30-day period so far this year," he noted. Seven cities saw 20%-plus leaps in new listings, including Denver (26%), Portland (25%), San Diego (24%), Orange County (24%), Baltimore (24%), and Washington, DC/Northern Virginia (23%).
As of July 15, the housing markets with the most opportunities based on new listings data from ZipRealty include:
Metro Area YOY Increase in Listings Median Sales Price
1) Denver 26% $273,500
2) Portland 25% $269,000
3) San Diego 24% $430,000
4) Baltimore 24% $270,000
5) Seattle 24% $295,000
6) Orange County 24% $540,000
7) DC/Northern VA 23% $395,000
8) Tucson 19% $165,000
9) Orlando 18% $140,132
10) Dallas 18% $192,500
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 19 markets nationwide, as well as its Powered by Zip network of leading third-party local brokerages in 16 markets.
Media Contact: Stacey Corso
SOURCE ZipRealty, Inc.
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