May 2010 Real Estate Market Reports for the Central Valley

So what's going on with the Central Valley Real Estate Market since the tax credit expired on April 30, 2010?  Well, inventory has increased 10.5% in Stanislaus County over the last month while the number of homes sold has decreased by a mere 1.2%.  The market trend was very different 1 year ago with inventory 19% higher than it is in May 2010.  Home buyers still appear to be purchasing homes due to historically low interest rates and affordable home prices.   

Now Merced County is a slightly different story.  Inventory has been decreasing nearly every month for the past year, down 32.5% from May 2009.  The number of homes sold from April 2010 to May 2010 increased slightly by 1.5%.  It appears that there is still activity even in the Merced area where it is slightly more distressed than the Stanislaus area.

For more market data, visit our website at http://tinyurl.com/MGHomeTeamTrendsMay2010

If you would like market trend data about a specific area, you may contact us by visiting our website at www.starservicerealtor.com