Gonella Realty's Market Update

Home values have increased approximately 29% in the past 24 months.

However, in the past few months the market appears to be changing.  We are noticing more listings expiring.  Properties are taking longer to sell, and sellers are reducing their asking prices.

The market appears to be adjusting.  In this changing market, sellers need to be very conscious of their asking price.  The days of extra tight inventory and oversupply of buyers is changing.

For additional information on this data, or if you are in need of a market evaluation of your property, please contact one of our highly trained agents.

                        Merced Sales Office:                                  209-383-2171

                        Atwater Sales Office:                                 209-358-6429

Loan information on rates and fees can be obtained by contacting Dorathe Catlin of Coldwell Banker Mortgage.

Email: Dorathe.Catlin@mortgagefamily.com

This entry was posted on September 2, 2014 at 7:56 am and is filed under Real Estate Market Update, Uncategorized. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: asking price, Merced County, real estate 2014