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ZipRealty’s Monthly Price Reduction Index Reports Double Digit Increase in Number of Price Reduced...

EMERYVILLE, CA - February 14, 2011 - (RealEstateRama) -- Home sellers continue to discount their asking price in an attempt to entice buyers to move towards a purchase according to a report issued by national real estatebrokerage ZipRealty (www.ziprealty.com; NASDAQ: ZIPR). ZipRealty’smonthly Price Reduction report, which is generated from a review of MLS-listed properties in 26 markets, shows that inventory is up a modest 2.81 percent from January 2010, but the total number of homes where sellers have cut the asking price at least once was up 17.6 percent. This double-digit growth in discounted homes may be another indicator of a sluggish market.

Business Real Estate Press Releases

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Aivre slashes appraisal time by 50% with Restb.ai’s computer vision...

Aivre, a fast-growing real estate appraisal software company, has cut the time it takes to complete an appraisal by more than half, thanks to its integration with Restb.ai's computer vision and

Recent Gov & Nonprofit Real Estate Press Releases