** Overview of Mariposa, CA Market Trends
Mariposa’s home resale inventories stayed the same 0 percent increase since April 2017. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in May. The median listing price in Mariposa increased 10.68% from $290,000 April 2017 to $321,000 May 2017.
It is widely accepted in the Real Estate World that:
0-4 months of inventory is a “Seller’s Market”
5-7 months inventory is a “Balanced Market”
8-12 or more months of inventory is a “Buyer’s Market”
So with that as a guide, Mariposa County is at 5 months of inventory (June.has not been updated as of this print.) we are in a “BALANCED MARKET”.
Inventory from April to May stayed the same from 5 to 5 months of inventory. Zero Change.
Home sales have declined year-over-year. Down -6.6% since one year ago & up +7.69% since last month. Meanwhile Home prices have also decreased year-over-year. Down -2.7% since one year ago & up +10.68% since last month.
**percentages fluctuate with the market, Information was up to date at time of print. For more information contact Bryce Battershell firstname.lastname@example.org