ZipRealty Price Reductions By Metro, October 2009

Download Price Reductions for October 2009. Click image below for a larger view.

ZipRealty Home Inventory by Metro, September 2009

Download Inventory Data September 2009 Click on the image below for a larger view:

ZipRealty Price Reductions By Metro, September 2009

Download Price Reduction September 2009. Click image below for a larger view of this chart.

ZipRealty Price Reductions By Metro, August 2009

Download ZipRealty Price Reduction August 2009 - Click on image below, for larger view.  

ZipRealty CEO, Pat Lashinksy on Bloomberg

ZipRealty CEO, Pat Lashinsky on Bloomberg talking about NAR’s just released report showing a big increase in housing sales. He also talked about the general state of the market.

CEOs for Cities study shows affect of Walkscore on housing values

CEOs for Cities just released a study that shows that a 1 point increase in Walkscore is worth up to $3,000 in home value. Using data from Walkscore and ZipRealty, the study examined 15 MSAs across the country to find that homes with higher than average Walkscores are mostly worth more than their less Walkable counterparts. Read the full study. Here is the official announcement.

Here is a brief list of some notable cities and the effect of the Walkscore on their home prices:

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ZipRealty Price Reductions by Metro, July 2009

Please view and download the full chart here, (from the main ZipRealty blog) including total value of price reductions, inventory, median prices, and percentage of price reduction to list prices.

Metro	Avg. Reductions per Listing	Median Reduction Amount	Reduced % of Inventory	Number of Reduced Homes
Austin, TX	1.92	$15,100	46.23%	4,672
Baltimore, MD	2.01	$20,000	46.49%	4,404
Boston, MA	1.94	$25,000	44.68%	15,634
Central Valley South (Fresno/Bakersfield, CA)	1.95	$25,000	35.15%	2,198
Charlotte, NC	1.76	$15,000	42.90%	8,748
Chicago, IL	2.26	$20,000	48.90%	36,118
Dallas, TX	1.81	$11,600	43.49%	16,156
Denver, CO	1.67	$15,005	31.74%	5,898
Florida - Southwest	2.23	$45,000	46.48%	11,312
Houston, TX	1.69	$10,000	39.47%	11,583
Jacksonville, FL	2.3	$20,000	50.15%	5,600
Las Vegas, NV	2.41	$40,000	43.53%	5,704
Los Angeles, CA	1.94	$46,000	38.37%	15,966
Miami/Ft. Lauderdale/Palm Beach, FL	2.32	$45,000	45.54%	24,233
Minneapolis/St. Paul, MN	1.93	$19,830	46.77%	11,031
Norfolk/Virginia Beach, VA.	1.67	$15,000	39.86%	4,733
Orange County, CA.	1.99	$60,000	42.28%	3,605
Orlando, FL	2.48	$33,000	52.41%	12,273
Philadelphia, PA	1.94	$15,000	43.87%	15,734
Phoenix, AZ	2.27	$30,000	47.25%	14,146
Raleigh-Durham, NC	1.66	$12,000	41.92%	6,464
Richmond, VA	1.63	$14,000	39.46%	3,591
Sacramento, CA	2.13	$30,000	39.81%	6,173
Salt Lake City, UT	1.85	$16,000	45.45%	7,605
San Francisco Bay Area, CA	1.75	$51,000	37.66%	6,998
Seattle, WA	1.93	$25,100	45.73%	14,939
Tampa, FL	2.27	$25,000	48.60%	19,498
Tucson, AZ	1.94	$20,900	43.68%	2,390
Washington, D.C.	1.99	$30,000	44.56%	15,323
TOTALS	1.99	$25,846	44.37%	312,727
Changes compared to June 2009	-0.62%	-1.30%	-9930.95%	-2.81%

 

MLS-Listed Housing Inventory Snapshot – June 2009

The number of single family homes and condos listed for sale according to MLS data decreased in June from May by 2.1%, bringing the total number of active listings in 28 major U.S. markets to 696,858.

Following is a snapshot of the housing inventory across all 28 metros that ZipRealty tracked in June 2009:

Market Name	Active Home Inventory (SFRs and Condos)	% Change: Month over Month	% Change: Year over Year
Overall Market Total	696,858	-2%	-25.6%
Austin	10,220	1.4%	-7.4%
Bakersfield	6,419	1.5%	-56.2%
Baltimore	9,347	-0.1%	-7.6%
Boston	36,611	-8.2%	-5.8%
Charlotte	20,744	0.4%	-7.3%
Chicago	74,576	0.2%	-13.6%
Dallas-Ft. Worth	37,213	-0.6%	-11.9%
Denver	18,770	5.1%	-16.0%
Houston	29,142	2.2%	-21.8%
Jacksonville	11,236	0.2%	-18.0%
Las Vegas	14,014	-10.3%	-38.7%
Los Angeles	44,024	-8.8%	-53.9%
Miami	55,969	-4.8%	-31.8%
Minneapolis-St. Paul	23,988	-0.3%	-21.8%
Norfolk/Virginia Beach	11,937	0.7%	-3.7%
Orange County	8,898	-4.5%	-41.8%
Orlando	24,564	-6%	-26.8%
Philadelphia	36,504	0.8%	-5.5%
Phoenix	30,868	-7.2%	-38.8%
Raleigh/Durham	15,695	-0.3%	-5.3%
Richmond	9,129	1.3%	-6.6%
Salt Lake City	16,775	-0.5%	-12.2%
San Francisco Bay Area	19,372	-6%	-45.3%
Sacramento	15,520	0.7%	-29.3%
Seattle	32,596	1.2%	-18.8%
Tampa	41,309	-3.6%	-22.8%
Tucson	5,694	-3.6%	-22.8%
Washington, D.C.	35,724	-3.3%	-31.4%

To view all MLS-listed homes across all major metropolitan areas that ZipRealty operates in, visit www.ziprealty.com.

Open The Door To A Successful Home Sale

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ZipTV -- Home Staging

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Zip TV whats new in real estate, right now In todays market, many homes are taking a longer time to sell than they probably would have a few years ago, or they arent selling at all. ZipTV has the scoop: we tell you the top two ways you can turn your home into a successful home sale. Home sellers can get real advantage by staging the home.