Gonella Realty's Market Update

We are definitely in a seller’s market and sellers are receiving multiple offers and some offers are over the asking price. The available inventory is down to 1.6 months, a decline in inventory from Sept 2014 of 58%.

With interest rates at historic lows, there is a very strong demand for housing in the Merced and Atwater area.  The vacancy rate for rental homes and apartments is less than 2 percent.

In conclusion demand is very strong, for both Single Family Residences, to purchase and properties to rent.

If you are interested in buying or selling, please contact or Merced Office (209) 383-2171, Atwater Office (209) 358-6429, Commercial Office (209) 725-7253, or looking for a rental property or property management services, contact our Property Management department at (209) 383-6277.

This entry was posted on October 31, 2016 at 12:26 pm and is filed under Uncategorized. You can subscribe via RSS 2.0 feed to this post's comments. You can comment below, or link to this permanent URL from your own site.