National Real Estate Brokerage to Operate in Five Connecticut Counties

ZipRealty (NASDAQ: ZIPR)(www.ziprealty.com), the largest online-based, full-service real estatebrokerage in the U.S., announced today that it will expand to its twentiethU.S. state, beginning to serve buyers and sellers in Connecticut in thethird quarter of this year. ZipRealty's planned coverage area includesHartford, Tolland, Middlesex, New Haven and Litchfield counties.

ZipRealty's plans include opening an office in Hartford, as well as hiringa district director and local, licensed agents. As is true in each of themarkets the brokerage operates in nationally, ZipRealty will offer clientsin Connecticut all of the services of a traditional residential real estatebrokerage coupled with exceptional online home search tools and high levelsof customer service from local agents. In addition, the Company rebatesbuyers 20 percent of its commission and sells homes for up to 25 percentless than the typical market commission.

"We continue to expand our footprint across the Northeast, and we'reexcited to introduce our innovative approach to buyers and sellers inConnecticut," said ZipRealty President and Chief Executive Officer PatrickLashinsky. "We're confident that the expertise of our local agents,combined with the features and tools offered on ZipRealty.com will benefitour clients in Hartford."

ZipRealty officially launched in New York State in 2007, and currentlyworks with buyers and sellers in multiple New York City boroughs, on LongIsland and in Westchester and Putnam counties. Nationally, the brokerageoperates in 34 major markets in 19 states and the District of Columbia.

About ZipRealty

ZipRealty is a full-service residential real estate brokerage firm. TheCompany utilizes its user-friendly Web site and employee real estate agentsto provide homebuyers and sellers with high-quality service and value.ZipRealty's Web site provides users with access to comprehensive localMultiple Listing Services home listings data, as well as other relevantmarket and neighborhood information. The Company's proprietary businessmanagement system and technology platform help to reduce costs, allowingthe Company to pass on significant savings to consumers. Founded in 1999,the company operates in 34 major markets in 19 states and the District ofColumbia. For more information on ZipRealty, visit www.ziprealty.com orcall 1-800-CALL-ZIP.

Cautionary Language

This release contains forward-looking statements within the meaning of the"safe harbor" provisions of the federal securities laws, including, withoutlimitation, expanding to and beginning to serve customers in Connecticut inthe third quarter of 2008, and our confidence that the expertise of localagents combined with our valuable online tools and features will continueto benefit clients. The forward-looking statements are subject to risks anduncertainties that could cause actual events to differ materially fromthose projected, including the risk factors set forth in our Form 10-Kfiled with the SEC for the fiscal year ended December 31, 2007 and otherfilings with the SEC including our quarterly Form 10-Qs and periodic Form8-Ks. The forward-looking statements included in this release are made asof today's date and, except as otherwise required by law, we do not intendto update these forward-looking statements to reflect events orcircumstances after the date hereof.

Contacts:
Marcus Gamo
Allison & Partners
415-277-4925
Email Contact
Katie Clark
Allison & Partners
415-277-4923
Email Contact