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Housing Market Shows Signs of Stability

EMERYVILLE, CA-Web-based research firm says listings, days on market and pending sales have remained relatively unchanged over the past six weeks.

By David Phillips | Updated on August 27, 2013

EMERYVILLE, CA-The most prominent online-powered residential real estate brokerage firm and real estate marketing solutions provider has released the latest edition of its Housing Trends Report, which shows some initial signs of stability in the residential market, based on MLS data analyzed by ZipRealty.

“The trajectory of the real estate market as evidenced in the latest edition of ZipRealty’s Housing Trends Report is one of moderation with underlying strength,” according to Van Davis, ZipRealty’s president of brokerage operations. “Home listings, median days on market and pending sales all remained relatively unchanged over the past six weeks. Additionally, the increase in median home prices moderated from 16.8% year-over-year in our last report to a still-strong 15.8%,” he adds.

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