Gonella Realty's Market Update

Not only have home values bottomed out, they are increasing. When we compare the median sold price of $109,450 in July 2011 to $132,000 in July 2012 we see an increase of $22,500 – or 21%!

The inventory continues to remain very tight. The inventory for Merced currently stands at 1.3 months, which greatly benefits sellers.  Sellers are continuing to receive multiple offers, and in some cases, offers above list price.

For more information, or if you would like to speak with a sales person about selling your home, please feel free to contact us today at one of the following numbers.

Merced Sales Office:                                                  209-383-2171
Atwater Sales Office:                                                 209-358-6429

We also offer professional property management services:

Gonella Property Management:                          209-383-6277

This entry was posted on August 15, 2012 at 7:19 am and is filed under Merced County Real Estate, Real Estate Market Update, Rentals, Uncategorized. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: Coldwell Banker Gonella Realty, home sales, housing inventory, Merced, Merced County, prices of homes