ZipRealty narrows losses

Expenses outweigh growth in transactions

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

ZipRealty Inc. edged closer to profitability during the third quarter, as transactions grew 30.6 percent and revenue by 12.8 percent from a year ago, the company said.

The Emeryville, Calif.-based brokerage’s $779,000 net loss for the quarter ending Sept. 30 was less than half the $1.69 million loss for the same period a year ago.