Now is a Fantastic Time to Sell!
According to Clarus Market Metrics, the inventory in Merced County’s MLS (Multiple Listing Service) is 1 month. In my 34 (soon to be 35) years in real estate, I have NEVER seen inventory this low!
As sellers place their property on the market, many are receiving multiple offers, a number of the offers that are often above the asking price, and in many cases the offers are all cash.
The sales data indicates that we have bounced off of the bottom and that home prices are definitely increasing.
Note the trend line for 2012- it is heading straight up! The median sold price in May ’12 was $115,750. This is an increase of over 5% from $110,000 in May ’11.
So, if you have been thinking of selling your property, now is a GREAT time to take advantage of the low inventory, increasing prices and the large number of qualified buyers.
Call us today for professional real estate assistance:
Merced Sales Office: 209-383-2171
Atwater Sales Office: 209-358-6429
Commercial Office: 209-725-7253
Property Management Office: 209-383-6277
Explore posts in the same categories: Merced County Real Estate, Real Estate Market Update, UncategorizedTags: Coldwell Banker Gonella Realty, gonella realty market update, home sales, housing inventory, prices of homes, Real Estate
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Gonella Realty's Market Update 
June 11, 2012 at 8:16 am
With inventory so low, homes are selling quickly. Dan and I listed four homes in the price range from $125,000 to $200,000 and all four were pending the following week. My sellers were so pleased about the quick sale and getting the price they wanted! Great info, Loren!