ZipRealty sees 42% surge in sales

ZipRealty Inc. posted a $13.3 million loss in 2008, even as agents handled more closings and the company achieved a tenth consecutive year of revenue growth.

The Emeryville, Calif.-based brokerage reported that agents handled 17,156 transactions -- a 23 percent increase from 2007. But net revenue per transaction fell 15 percent, to $6,145, limiting net revenue to growth to a more modest 3.5 percent.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.