ZipRealty Names the Fastest-Moving Housing Markets at Mid-Year Mark
24 Luglio 2014 - 4:00PM
![ZipLogo](https://hugin.info/143630/I/1836232/56230.jpg)
FOR IMMEDIATE RELEASE
Media Contact: Stacey Corso
510.735.2667
scorso@ziprealty.com
A wealth of data on ZipRealty's
website and mobile app helps consumers buy homes in these
competitive markets.
EMERYVILLE, Calif.,
July 24, 2014 - 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 released 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:
-
Austin - 10 days
-
Washington, D.C./Northern Virginia - 14
days
-
Dallas, Portland and Denver - 15 days
-
Houston and Seattle - 17 days
-
Sacramento and Boston - 19 days
Median sales price
leaders as of the end of Q2 were:
-
Sacramento - $267,000, 15% year-over-year
increase
-
Austin - $266,000, 14% year-over-year
increase
-
Las Vegas - $182,000, 12% year-over-year
increase
-
Houston - $215,000, 12% year-over-year
increase
-
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.
According to ZipRealty research, buyers who use a
combination of mobile and desktop to buy a home are:
- 6 times more likely to
request a showing from a real estate agent
- Visit nearly twice as many
homes with the same agent as those searching on a desktop
platform alone
- 4 times more likely to buy
a home, compared to buyers who only use desktop to search
for real estate, and they close on average 1
month faster.
In addition to using multiple devices to search
for a home, consumers are increasingly utilizing multiple devices
to research neighborhoods, real estate agents, local housing market
trends and other real estate-related information. According to
ZipRealty's 2014 Home Buyer Survey:
- 59% of home buyers want to read about
cities/neighborhoods when searching for a home
- 45% want to read about local housing market
trends.
###
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 its 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 21 markets.
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This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ZipRealty via Globenewswire
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