Median Home Prices Up 11% in 2012, Says ZipRealty

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.