According to the California Association of Realtors, the median price range in Mendocino County has changed from $485,000 in June 2020 to a price of $582,000 in June 2021 with a price change upwards of 34%. However, we have seen a 35.6% decrease in sales overall compared to a year ago.
Supply and demand, once again. A decrease in the number of homes being put onto the market and sold means less for buyers to choose from, so they have to fight and complete for the few homes that do come on for sale.
However, this is not true for every price range, and there is a point to where a seller can push the price and not get the activity and offers that they want.
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