ZipRealty adds agents, boosts sales

Transactions up 28% but company still in the red

Power up your Indie Brokerage
Don't miss our Indie Broker Summit SF, July 17, 2018

ZipRealty Inc.’s closed transaction sides grew by 28.5 percent during the second quarter from a year ago, but falling home prices limited growth in revenue to a more modest 5.6 percent.

The bottom line for the growing Emeryville, Calif.-based real estate brokerage was a $2.4 million second quarter loss, an improvement from the previous quarter’s $7.5 million loss but larger than the $1.7 million deficit the company posted a year ago.