$649K  
The Merkel market might be cooling off in the coming weeks. Sales dropped this week to three homes sold over the last 30 days, and there is a confirmed downward trend in the number of new listings, with two going live in the same time frame. The median sales price climbed to $139,900 over the latest reporting period for Merkel, up from $129,700. Merkel is a strong buyer's market, due to a big 12 months of inventory left and aided by the dip in sales.
Comments:

Merkel has a cost of living adjustment score of 77.1, which is less expensive when compared to others in Texas. Also, the area is considered less affluent than average with a median income of $37,965 per household. Merkel is made up of homes that are considered older than most with a median of 43 years. The top school in the city is Merkel Elementary School.
Comments:

$649K  
The Merkel market pulled back with a 20.0% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (2.3) with four homes sold. In comparison, nearby Abilene had 143 sales in the same time frame, the most of all neighboring cities. Prices are rising in Merkel, and the median sales price this period increased from $119,500 to $129,700. Merkel is a strong buyer's market, due to a big nine months of inventory left and aided by the dip in sales.
Comments:

$649K  
Over the last 30 days, the Merkel market was solid with five homes sold, a 25.0% increase from last week's report. Within the same time frame, Abilene had 138 sales, the most of all cities in the area. Prices are rising in Merkel, and the median sales price this period increased from $95,250 to $119,500. Even after the uptick in sales, an elevated seven months of inventory tells us that Merkel is still a solid buyer's market.
Comments:

$139K  
The Merkel market showed healthy signs this week as sales climbed 50.0% to reach three homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months. At the same time, close-by Abilene reported 128 home sales, the highest number from all the surrounding cities. Prices are rising in Merkel, and the median sales price this period increased from $79,000 to $87,000. Even after the uptick in sales, an elevated 12 months of inventory tells us that Merkel is still a definite buyer's market.
Comments:

$139K  
The Merkel market showed gains in this week's report, as the number of sales went up to two homes sold over the last 30 days. In comparison, nearby Abilene had 122 sales in the same time frame, the most of all neighboring cities. The median sales price dropped to $79,000 over the latest reporting period for Merkel, down from $87,000. Even after the uptick in sales, an elevated 19 months of inventory tells us that Merkel is still a strong buyer's market.
Comments:

Merkel is a larger than average city in Texas with 2,590 residents. Its population is also growing slower than others at a 10-year growth rate of -0.6%. The Merkel market is almost exclusively made up of detached homes, currently accounting for 100% overall. The best school in the city is Merkel Elementary School.
Comments:

$134K  
The Merkel market was steady this week as sales remained at one home over the prior 30 days, but the area is experiencing a confirmed upward trend of contracts closing, now up to three. The median sales price of all transactions in Merkel did not budge this week, remaining at $87,000. Along with flat sales, a relatively high 37 months of inventory indicates that Merkel is a definite buyer's market.
Comments:

$118K  
More sellers put their homes up for sale in the Merkel market over the last 30 days and the number of new listings spiked this week to six. Home sales remained unchanged from the prior period and once again one home was sold. The median sales price dropped to $87,000, down from last week's $94,900. Merkel is a definite buyer's market, thanks to a big 38 months of inventory to choose from and the flat sales.
Comments:

$118K  
In this week's report, the number of homes sold in the Merkel market fell to one over the past 30 days. It marked a decrease of 75.0% from last week's report and a fall below the monthly average. Meanwhile, close-by Abilene reported 150 homes sales, the highest number from all the surrounding cities. The median sales price rose to $94,900, up from last week's $77,400. Merkel is a solid buyer's market, thanks to a big 36 months of inventory to choose from and a pullback in sales.
Comments:
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