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.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top