EMERYVILLE, CA—ZipRealty, Inc., the leading online technology-enabled residential real estate brokerage company, says the median home sales price jumped 11% last year to $211,312. The company's ZipRealty Home Price Report, is based upon authoritative transactional and MLS data in 33 major metros. In 2011, the median home sale price was $190,000, according to data released by ZipRealty.

While a recent report on existing home sales issued this week by the National Association of Realtors (NAR) found that home prices increased an average of 6.3% nationwide, ZipRealty found that in the 33 markets they and their Powered by Zip partners serve, home sale prices increased an average of 11%. According to ZipRealty's data, Phoenix, Miami and Palm Beach, Fla., showed the largest increases in home prices on a year-over-year basis.

Phoenix prices increased 29% from $112,329 to $145,500; Miami prices jumped 23% from $126,000 to $155,000; and Palm Beach housing prices rose 16% from $125,000 to $145,000 last year. Chicago home prices dipped 3% from $165,000 to $160,000 at year's end; prices in Long Island's Nassau and Suffolk counties in New York remain unchanged at $350,000; and Brooklyn, N.Y. home prices grew nominally from $420,500 to $421,000, according to ZipRealty data.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.