Posted tagged ‘Normal Market’

What Does it All Mean???

October 28, 2014

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

1 yr DOM

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

2 yr SP

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

1 yr INV

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