Posted tagged ‘Sale Prices’

The Numbers Are In for Merced County!

April 16, 2013

Image

The Median For Sale Price has increased $45,000, or 38%, from March of ‘11 to March of ’13 to $164,900.

The Median Sold Price is also up, increasing $27,000, or 23%, to $142,000 in the same time period.

Image

Inventory has dropped drastically in the last 2 years. In March of ’11 the inventory in Merced County was 3.6 months.  By March of ’13, it was down to 0.9 of 1 month.  This is a drop of 76%!

With the extreme lack of inventory, and prices continuing to increase, now is an excellent time to speak with an agent about finding out what your home is worth in today’s market- you may be pleasantly surprised.

Merced Sales Office:                                  209-383-2171

Atwater Sales Office:                                 209-358-6429