So what’s going on in the Merced Real Estate Market?
The average days on market (DOM) in the past 2 years has gone down from 61 days to 34 days. Homes are selling more quickly because…
…the supply of homes is down while the demand remains steady. As you can see in the graph above, inventory is down 71%!
During the same time frame, the median sold price has increased 33% from $110,000 to $146,000. The median for sale price has increase the same percentage from $119,900 to $159,000 (full details below).
So what is going on in the market is:
- Prices are increasing at a fairly steep rate
- Inventory continues to remain at historic lows
- Homes are selling faster
It appears that these trends will continue, and if you are thinking of selling, now is the time to have one of our real estate professionals evaluate your property.
You may be pleasantly surprised!
Merced Sales Office: 209-383-2171
Atwater Sales Office: 209-358-6429
Explore posts in the same categories: Merced County Real Estate, Real Estate Market Update, UncategorizedTags: home sales, housing inventory, Merced County, prices of homes, Real Estate, sellers market
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