Gonella Realty's Market Update

The median sales price in September of 2012 was $139,900. This is an increase of 27% over September 2011. Local home values have hit the bottom, and continue to move up.

While home values are on the rise, the inventory of available homes for sale is moving in the opposite direction.

In September 2012 the available inventory was 1.3 months, whereas in September 2011 it was at 4.1 months. This is a decrease of 68%! When homes are placed on the market they sell quickly and, in many cases, for more than the asking 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 October 15, 2012 at 7:46 am and is filed under Merced County Real Estate, Real Estate Market Update, Uncategorized. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: Inventory, Median Sales price, Merced County, Real Estate