$124K  
This week in the Merkel market, sales ticked up to one home sold over the last 30 days, which might be due in part to a confirmed upward trend in price reductions, with eight being reported in the same time frame. Merkel is still a definite buyer's market, due to the availability of 40 months of remaining inventory, even after the uptick in sales.
Comments:

$172K  
Yet again, no deals were completed in the Merkel market over the last 30 days. Merkel is used to having 2.0 sales per month.
Comments:

$172K  
Typically, Merkel accounts for 2.1 sales per month. This time sellers weren't able to find buyers for their properties, resulting in another 30 day period of no sales. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks.
Comments:

$125K  
Merkel is a city in Texas. It's less affluent than average and the cost of living is less expensive compared to the rest of the state, with a median income of $37,965 per household and cost of living adjustment score of 77.1. Homes in Merkel are older than most with a median age of 43 years. The top school in the city is Merkel Elementary School.
Comments:

$124K  
There were zero homes sold in the Merkel market over the last 30 days. During the same period, the total number of price reductions was eight, the most since September. In comparison, Abilene led all other nearby municipalities with 85 price reductions.
Comments:

$172K  
With a solid upward trend of new sellers listing homes, including five over the last 30 days, and sales that remained the same at one in that same time frame, the Merkel market will be steady. Pricing in Merkel remains consistent from last week to this week, with the median sales price at $116,900 again. Along with flat sales, a relatively high 26 months of inventory indicates that Merkel is a solid buyer's market.
Comments:

$129K  
The Merkel market took a breather this week as sales fell to one home sold over the last 30 days. However, the number of homes under contract shows an identifiable upward trend, and is now at two. Potential buyers should note that prices went up in Merkel, with the median for this period rising from $102,400 to $116,900. Merkel is a strong buyer's market, due to a big 25 months of inventory left and aided by the dip in sales.
Comments:

$255K  
With two homes sold in the Merkel market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with three new listings for buyers to choose from. The median sales price in Merkel stayed put this week at $102,400. Merkel is a strong buyer's market, thanks to a big 12 months of inventory to choose from and the flat sales.
Comments:

$177K  
The Merkel market will be more intense, as not only have sales ticked up this week to two homes sold over the last 30 days, but there is a recent upward trend of new listings, with four going live in the same time frame. The median sales price climbed to $102,400 over the latest reporting period for Merkel, up from $87,900. Merkel is still a solid buyer's market, due to the availability of 13 months of remaining inventory, even after the uptick in sales.
Comments:

$125K  
Merkel is a larger than average city in Texas with 2,590 residents. Also, it has seen a 0.6% decrease in population over the last 10 years. The Merkel market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. The best school in the city is Merkel Elementary School.
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