ZipRealty Home Inventory by Metro, April 2010

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ZipRealty Price Reductions by Metro, April 2010

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ZipRealty Price Reductions by Metro, February 2010

Download Price Reduction February 2010 Final

ZipRealty Home Inventory by Metro, January 2010

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The Number of "For Sale" Homes Increased 2.9 Percent in January 2010

January marked the first time in 18 months that more homes were listed "for sale" compared to the previous month, with an additional 15,000 homes, or a 2.9% increase, listed for sale compared to December according to the January Housing Inventory Index, a survey of Multiple Listing Service (MLS) listed homes in 27 major U.S.housing markets

Other highlights from ZipRealty's January Housing Inventory Index include:

• The number of home listings year-over-year remains down 22.3%, with 163,000 fewer homes on the market.


• The combined number of MLS-listed single family homes and condos within the 27 major U.S. markets surveyed in January totaled 567,265, up from 551,447 in December.


• Markets in California showed significant jumps in inventory in January with month-over-month increases of 10.1% in the San Francisco Bay Area, 8% in Orange County, 4.5% in Los Angeles, and 6.5% in San Diego.


• Baltimore was one of only two markets where the number of homes listed for sale decreased, at a modest 1.9%. In Miami, ZipRealty tracked a minor decrease of .05%.


• The average median list price of $258,634 was relatively flat in January, down 1% (or $2,521).

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Home Supply Posts Modest Rise (blogs.wsj.com)

ZipRealty Price Reductions by Metro, December 2009

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• ZipRealty Home Inventory by Metro, October 2009 (ziprealty.typepad.com)

ZipRealty Price Reductions by Metro, November 2009

Fewer sellers in 27 major U.S. markets reduced home prices this month, and those who did slashed their prices less than in October. At the same time, the average list price in those markets overall declined slightly, a possible sign sellers are pricing more realistically or aggressively to fit market conditions.

Specifically, the survey found home sellers in the markets surveyed reduced their list prices approximately $23,953 in November, a more than 3 percent smaller discount compared to October. While more than 43 percent of home listings had at least one price reduction, the survey found the absolute number of price reduced homes totaled 250,970 in November, a decrease of 2.85 percent compared to the prior month and third consecutive month of a drop in the total number of reduced homes available for sale.

 

Other national highlights of the brokerage’s monthly survey of price reduction data include:

• Sellers reduced their list prices on average more than twice, an increase of 4 percent compared to October.  
• The median list price across all 27 markets decreased slightly to $272,200, down more than 3 percent compared to October.

Local-market highlights include:

•  One out of every two homes in Orlando (50.1 percent), Jacksonville, Fla., (50.1 percent) and Chicago (50.0 percent) included at least one price reduction

• Homeowners in South Florida (Miami/Ft. Lauderdale/Palm Beach) reduced list prices by the largest percentage at 16.01 percent or $40,000 on average

• Homeowners in Raleigh-Durham, NC reduced prices by the smallest percentage at 4.54 percent or $10,900 on average
  

• Markets with the lowest percentage of price-reduced homes are San Diego (36.3 percent), Los Angeles (33 percent) and Denver (31.7 percent)

• Markets where sellers have cut the most in absolute dollars are:

 

Market	Median Price Reduction
Orange County, Calif.	$50,000
San Diego	$50,000
San Francisco	$50,000
Los Angeles	$40,000
Miami/Ft. Lauderdale/Palm Beach	$40,000

 

• Markets with the highest and lowest median list price were the same in November as they were in October. Orange County, Calif., was home to the highest median list price at $595,000, and Jacksonville, Fla. has the lowest median list price at $169,900

For access to all of the data and the full report:  Download Price Reduction November 2009 FINAL

Happy Thanksgiving!

 From all of us at ZipRealty, we want to wish you a very Happy Thanksgiving Day! At ZipRealty, we're all about working together and teaming up to ensure you're getting the best service possible...and this month, the best Thanksgiving recipes we know! Visit the ZipRealty Thanksgiving page for some yummy recipes to make your holiday more festive!

ZipRealty Price Reductions By Metro, October 2009

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ZipRealty Home Inventory by Metro, September 2009

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