I work with both buyers and sellers in the Merced and Atwater area. From a buyers position there are not a lot of homes on the market. When a home comes on the market in the $175k and lower price range there will inevitably be multiple offers with several over asking price. In the last 3 months I have submitted offers on homes and every one has been apart of a multiple offer situation. I have been able to close on most of them. Homes above the $200k range tend to sit on the market longer. There are other factors as to why a home sits longer; condition, financing options, short sales, these are just a few reasons why a home would sit on the market for over 30 days. The good listings are on the market for 10 days or less. I hope this helps answer your question. If you would like more information about the area, please give me a call. I will be happy to help you.