Merced, CA Market Update for October 2007

Here are the latest real estate market statistics for Merced, CA area. These numbers represent single family home (SFR) sales only. Percentage of homes on the market with the asking price had been reduced: 46.0%*

Average	September 2007	October 2007	% Change
Asking Price	$289,900	$247,019	-14.8%
Sales Price	$286,434	$251,742	-12.1%
% of Asking Price	100%	92%	-8.0%
$/SQFT	$163	$126	-4.1%
Days on Market	159	87	-45.3%
Total Transactions	1	15	%

Search for homes in Merced, CA and read a neighborhood overview of the Merced, CA area.

All numbers are from the MLS and are deemed reliable but not guaranteed. *Market numbers as of 11/07/2007: 1,220 properties on the market with 678 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.