SPONSORED BY: The Fresno Association of REALTORS®
Published: August 2022*
Property Types: All Residential Prop. – All Properties – All Properties
Price Range: $0 – No Limit
Bedrooms: 0 – No Limit
Year Built: 0 – No Limit
Limit SQFT Range: 0 – No Limit
No Limit Bathrooms: 0 – No Limit
July 2022 is a Seller’s market! The number of for sale listings was up 77.4% from one year earlier and up 17.3% from the previous month. The number of sold listings decreased 21.1% year over year and decreased 24.8% month over month. The number of under contract listings was down 1% compared to the previous month and down 22% compared to previous year. The Months of Inventory based on Closed Sales is 2.2 up 143% from the previous year.
The Average Sold Price per Square Footage was down 1.2% compared to previous month and up 12.3% compared to last year. The Median Sold Price decreased by 3.4% from last month. The Average Sold Price also decreased by 4.8% from last month. Based on the 6 month trend, the Average Sold Price trend is “Neutral” and the Median Sold Price trend is “Neutral”.
The Average Days on Market showed a neutral trend, an increase of 16.7% compared to the previous year. The ratio of Sold Price vs. Original List Price is 99%, a decrease of 2.9% compared to the previous year.
It is a Seller’s Market
Property Sales (Sold)
July property sales were 617, down 27.1% from 846 in July of 2021 and 24.8% lower than the 820 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month is higher by 595 units of 77.4%. This year’s bigger inventory means that buyers who waited to buy may have a bigger selection to choose from. The number of current inventory is up 17.35% compared to the previous month.
Property Under Contract (Pended)
There was a increase of 1% in the pended properties in June, with 700 properties versus 693 last month. This month’s pended property sales were 22% lower than at this time last year.
All reports are published August 2021, based on data available at the end of July 2021, except for the today’s stats. All reports presented are based on data supplied by the Fresno County MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.