Merced, CA

Real estate in Merced is a hot commodity. The city has seen an influx of people in recent years, and with that, demand for housing has increased. There are a number of factors contributing to this increase in real estate prices, including the growing population and the increasing demand for quality homes.

Merced is located in central California, just east of Yosemite National Park. The city is home to a variety of colleges and universities, making it a popular place to live for students. Additionally, Merced is close to major metropolitan areas such as Fresno and Sacramento. This proximity makes it easy for residents to get to work and other activities.

The median price of homes in Merced was $269,000 as of September 2017. This figure represents an increase of over 20% from the previous year’s median price ($236,000). In addition, the number of homes sold during this period rose by over 30%. These trends suggest that there is strong demand for housing in Merced – both from current residents and potential new arrivals.

One reason why real estate prices have risen so rapidly in Merced is that there are a limited number of available properties. As the city continues to grow – and more people want to live here – the availability of housing will likely continue to decline. This situation will lead to further increases in prices over time as buyers compete for limited options.