HOME LISTINGS SEE MORE THAN TWO REDUCTIONS ON AVERAGE AS SELLERS SLASH PRICES, ACCORDING TO A ZIPREALTY REPORT

EMERYVILLE, CA – January 12, 2011 – (RealEstateRama) — The number of price-reduced homes on the market this December remained at high levels compared to 2009, rising 23.4 percent according to a report surveying 26 US markets issued by national real estate brokerage, ZipRealty (www.ziprealty.com; NASDAQ: ZIPR)