Gonella Realty's Market Update

ARE WE NEARING THE BOTTOM?

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According to Clarus MarketMetrics® the median for sale price in 2009 was essentially flat.  The sold price declined 4% from December 2008 to December 2009.  This, I believe, is excellent evidence that the market is beginning to bottom out.

In 2010, we feel that there will be a continuation of strong buyer demand for homes, because the prices continue to remain affordable, and interest rates remain at historic lows. The inventory of homes, however, will remain very tight. We may even see a slight increase in sales price in perhaps the 3^rd or 4^th quarter of 2010.

This entry was posted on February 26, 2010 at 2:23 pm and is filed under Merced County Real Estate, Real Estate Market Update. You can subscribe via RSS 2.0 feed to this post's comments.

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