The highlights from the Fresno and Clovis Markets are below.
Median Sold price was DOWN from September 2024:
- October 2024 $400,000.00
- September 2024 $420,000.00
430 homes sold:
3.12% MORE homes sold October of 2024 than in October of 2023 (417 homes sold October of 2023 versus 430 homes sold October of 2024 that is 13 MORE homes). Homes sales were FLAT month over month. 430 homes sold in September and October of 2024.
- Average Days on Market:
- Average Days on Market for homes that sold in October 2024 was 30 days.
- This is MORE than September 2024. DOM for September 2024 was 27 days.
- For homes with no price changes the Average Days on Market is 13 days.
- Sales Price versus Offer Price was 99.9%.
- For homes with 1+ price changes the Average Days on Market is 60 days.
- Sales Price versus Offer Price was 93.6%
- Median For Sale Price $447,950.00 versus Sold Price of $400,000.00
FOUR (4) bank owned properties sold: Other Real Estate Owned (OREO) sales are 2 MORE from September.
- 514 homes went under contract.
- 662 New Properties were listed for sale.
Months’ Supply Inventory of 2.0 months.
2024 Inventory levels:
- January MSI - 1.9 Locally versus The National Association of REALTORS®️ 2.6
- February MSI - 2.1 Locally The National Association of REALTORS®️ 2.2
- March MSI - 1.8 Locally The National Association of REALTORS®️ 1.8
- April MSI - 1.9 Locally The National Association of REALTORS®️ 1.9
- May MSI - 1.9 Locally The National Association of REALTORS®️ 2.1
- June MSI - 2.3 Locally The National Association of REALTORS®️ 2.1
- July MSI - 2.1 Locally The National Association of REALTORS®️ 1.9
- August MSI 2.0 Locally The National Association of REALTORS®️ 2.1
- September MSI 2.5 Locally The National Association of REALTORS®️ 2.4
- October MSI 2.0 Locally The National Association of REALTORS®️ 2.4
- Economists describe a balanced real estate market as having 6 months of supply; a seller’s market would be less than 6 months supply; a buyer’s market would be greater than 6 months’ supply: The Fresno and Clovis markets still have low levels of inventory.
Articles/Interviews/Presentations that may be of interest:
- Homeowners’ Dues Are Rising—and Harder to Avoid:
- Home Depot Lifts Year Outlook After Sales Increase:
- 5 Things to Do Now to Make Your Estate Simpler for Your Heirs:
- America’s Homes Are Piggy Banks That Few People Can Afford to Raid:
Meet the Couples Putting Mortgages Before Marriage:
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