The Trend Continues!

Home values have continued to excel in the past 12 months, showing an increase in median sales price of 24% from $109,000 in Dec ’11 to $135,000 in Dec ’12.

Inventory

Inventory continues to remain at historic lows with 1.8 months in Dec ’12. An inventory of 6 months is considered balanced while 12 months is an oversupply.

percentage of sales

The real estate market as a whole is continuing to heal. More than half of all sales are now standard owners; short sales make up approximately a third; with bank owned/REOs accounting for less than ten percent! This is a drastic drop from 4 years ago when foreclosures made up 75% of all listings.

today vs 4 rs

In summary, now is an excellent time to place your home on the market. Call us today to find out the value of your property in today’s appreciating housing market.

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

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2 Comments on “The Trend Continues!”


  1. Our inventory continued to decline somewhat from the last few months and is down about 45% from the first of the year.

  2. Connie Gantt Says:

    Very nice


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