Are Home Values Increasing, Declining, or Staying Flat?

According to the MCAR Multiple Listing Service the median sales price in the City of Merced  from Sept 2009 to Aug 2010 was $111,112.  The median sales price from Sept 2010 to Aug 2011 was $111,775.  This is an increase of .6%.

Why is this significant? It is significant because we are not declining!

When comparing the median prices of Merced County to Fresno, Kern, and Sacramento Counties year to year, Merced showed an increase of 3.9%, while the other 3 counties showed decreases.

We believe this shows that since we were the first to head lower that maybe we will be the first to recover.

This chart offers a historical perspective.  Median prices from 1989 through 2001 were approximately $105,000 – $110,000.  In 2001, we started accelerating and peaked in 2005 at approximately $350,000.  Since then prices have returned to a level comparable to the 1990’s.

Advertisements
Explore posts in the same categories: Merced County Real Estate, Real Estate Market Update, Uncategorized

One Comment on “Are Home Values Increasing, Declining, or Staying Flat?”

  1. connie Says:

    Thank you for sharing! Good information – greatly preseented.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: