Gonella Realty's Market Update

The trend line for average Days on Market continues to increase, from 28 days in Sept. 2013 to 53 currently.

The rate of appreciation for Median Sold Price is up slightly over a 2 year period, but the rate has slowed.

The supply of homes for sale has increased slightly from 2.7 months of inventory to 3.3.

So what does it all mean?

We believe the real estate market is returning to a ‘more normal’ market – where marketing time is longer, there are more homes for buyers to select from, and values are appreciating, but at a slower more manageable rate.

The Federal Reserve has relaxed loan standards, allowing more buyers into the market, so this is a great time to buy.  Loan information on rates and fees can be obtained by contacting:

Dorathe Catlin of Coldwell Banker Mortgage.

Email: Dorathe.Catlin@mortgagefamily.com

Phone:                                                        209-261-4320

If you are interested in selling, you may be surprised at the market value of your property.  If you would like a current market analyisi of your property, please contact one of our highly trained agents:

Merced Sales Office:                                  209-383-2171

Atwater Sales Office:                                 209-358-6429

This entry was posted on October 28, 2014 at 3:19 pm and is filed under Merced County Real Estate. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: 2014 real estate, Inventory, Merced, Normal Market