ZipRealty Price Reduction Index, June 2007

The ZipRealty Price Reduction Index (ZPRI) is an informal indicator of for sale home price reduction trends in cities across the country. By looking at the number of homes with price reductions and dividing this figure by the total number of homes available for sale in a given city, we are able to determine the percentage of homes with price reductions for this city.

Keep in mind that this is just one indicator of many that can be used in determining the health of a local real estate market. Currently, our index covers 70 cities in 19 regional markets, including: Atlanta, Austin, Baltimore, Boston, Chicago, Dallas, Washington D.C., Houston, Las Vegas, Los Angeles, Miami,  Minneapolis, Orlando, Phoenix, Sacramento, San Diego, Seattle, Tampa and the San Francisco Bay Area. The current index was taken as of 6/1/2007.

ZipRealty Price Reduction Index	% Homes Reduced as of 5/1/07	% Homes Reduced as of 6/1/07	% Change
Baltimore	35.5%	39.2%	10.4%
Boston	40.1%	42.4%	5.7%
Chicago	32.9%	35.4%	7.6%
Dallas	28.6%	30.4%	6.3%
Houston	31.4%	33.0%	5.1%
Las Vegas	38.0%	39.5%	3.9%
Los Angeles	35.5%	37.8%	6.5%
Miami	34.0%	32.0%	-5.9%
Minneapolis	33.1%	36.1%	9.1%
Orange County	39.6%	42.6%	7.6%
Orlando	41.3%	42.7%	3.4%
Phoenix	41.8%	43.7%	4.5%
S.F. Bay Area	31.1%	34.3%	10.3%
Sacramento	42.4%	45.7%	7.8%
Seattle	29.1%	31.9%	9.6%
San Diego	35.9%	37.7%	5.0%
Tampa	40.0%	41.2%	3.0%
Washington D.C.	35.8%	39.8%	11.2%