Business & Finance
Business and Finance
Business and Finance
Mon, October 12, 2009
Fri, October 9, 2009 ZipRealty: Total Number of Home Listings Down Further in September According to ZipRealty
EMERYVILLE, CA--(Marketwire - October 9, 2009) - The U.S. housing market continues to show promising signs of stabilization according to a monthly survey of home listings conducted by the national real estate brokerage ZipRealty ([ www.ziprealty.com ]) (
The combined total number of single family homes and condos listed for sale according to MLS data decreased in September by 1.8 percent compared to August, bringing the total number of active listings in 26 major U.S. markets to 642,308.
Other highlights from ZipRealty's September Housing Inventory Index ([ http://ziprealty.typepad.com/marketconditions/ ]) include:
-- While most markets saw inventory decline, Baltimore added 1.5 percent more properties in September compared to August, and Boston increased by 2.2 percent. -- Markets with significant month-over-month inventory declines include Austin (4.7 percent), Los Angeles (4.7 percent), Las Vegas, (4.4 percent) and Orange County (4 percent). Los Angeles continues to show signs of stabilization with falling inventory and rising list prices. -- Phoenix showed little to no movement in September inventory in addition to flat listing prices. -- Inventory in Las Vegas continues to decline but the median list price remained unchanged for the sixth consecutive month, indicating that the market may take longer to rebound.
Following is a snapshot of the housing inventory across all 26 metros that ZipRealty tracked in September 2009:
Home Inventory (SFRs and Percentage Change: Percentage Change: Market Name Condos) Month-over-Month Year-over-Year ----------- --------- ------------------ ------------------ Overall Market Total 642,308 -1.8% -27.1% Austin 8,389 -4.7% -19.2% Baltimore 9,625 1.5% -9.6% Boston 34,378 2.2% -6.5% Charlotte 19,871 .2% -8.7% Chicago 70,309 -2.3% -15.4% Dallas-Ft. Worth 35,350 -2.4% -9.1% Denver 17,889 -1.5% -10.2% Houston 28,283 -2% -16.9% Jacksonville 11,061 .1.1% -14.9% Las Vegas 12,103 -4.4% -46.8% Los Angeles 37,955 -4.7% -56.5% Miami 49,181 -3.5% -38.5% Minneapolis-St. Paul 22,365 -2.6% -21.4% Norfolk/Virginia Beach 11,657 -1.7% -4.2% Orlando 21,485 -3.3% -35.3% Philadelphia 35,155 -.3% -8.5% Phoenix 29,524 -.1% -42.3% Raleigh/Durham 14,858 -1.8% -11.1% Richmond 8,950 -.2% -4.7% Salt Lake City 16,161 -3.4% -14% San Francisco Bay Area 16,911 -1.5% -48.9% Sacramento 15,437 1.3% -32.4% Seattle 31,534 -1.8% -19.2% Tampa 38,447 -1.7% -26.8% Tucson 5,359 -.6% -23.7% Washington, D.C. 32,298 -1.4% -32.9%
To view other local market housing conditions, visit ZipRealty's updated blog at: [ http://ziprealty.typepad.com/marketconditions/ ]. To view all MLS-listed homes across all major metropolitan areas that ZipRealty operates in, visit [ www.ziprealty.com ]. For regular updates and housing trends, follow ZipRealty on Twitter at: @ZipRealty ([ http://twitter.com/ziprealty ]).
About the ZipRealty Housing Inventory Index
ZipRealty pulls data from Multiple Listing Services in 28 of the major metropolitan areas where the real estate brokerage operates in nationally. The data in this report is based on properties listed for sale according to the MLS in the metropolitan areas identified. In September 2009, ZipRealty reported data for 26 metros. Due to changes to how homes are tracked by the California MLSs, data from San Diego and Bakersfield/Fresno, Calif. was omitted for September. The company pulls all data on or about the last day of the month for each of these markets. Additionally, the metropolitan areas ZipRealty cites as part of its monthly report are defined by the brokerage, and may differ slightly than standard DMAs.
About ZipRealty
ZipRealty is a full-service residential real estate brokerage firm. The Company utilizes its user-friendly Web site and employee real estate agents to provide home buyers and sellers with high-quality service and value. ZipRealty's Web site provides users with access to comprehensive local Multiple Listing Services' home listings data, as well as other relevant market and neighborhood information. The Company's proprietary business management system and technology platform help to reduce costs, allowing the Company to pass on significant savings to consumers. Founded in 1999, the company operates in 36 major markets in 22 states and the District of Columbia. For more information on ZipRealty, visit [ www.ziprealty.com ] or call 1-800-CALL-ZIP.
