SPONSORED BY: The Fresno Association of REALTORS®
Published: October 2021*
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
September 2021 is a Seller’s market! The number of for sale listings was down 6.7% from one year earlier and down 7.6% from the previous month. The number of sold listings decreased 1% year over year and decreased 10.4% month over month. The number of under contract listings was up 8.8% compared to previous month and up 13.9% compared to previous year. The Months of Inventory based on Closed Sales is 1, down 9.3% from the previous year.
The Average Sold Price per Square Footage was up 2.7% compared to previous month and up 24% compared to last year. The Median Sold Price was the same as last month. The Average Sold Price increased by 2.5% from last month. Based on the 6 month trend, the Average Sold Price trend is “Appreciating” and the Median Sold Price trend is “Appreciating”.
The Average Days on Market showed a neutral trend, a decrease of 20% compared to previous year. The ratio of Sold Price vs. Original List Price is 101%, an increase of 1% compared to previous year.
It is a Seller’s Market
Property Sales (Sold)
August property sales were 797, down 1% from 805 in September of 2020 and 10.4% lower
than the 890sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month is lower by
58 units of 6.7%. This year’s bigger inventory means that buyers who waited
to buy may have smaller selection to choose from. The number of current
inventory is down 7.6% compared to the previous month.
Property Under Contract (Pended)
There was an increase of 8.8% in the pended properties in August, with 965
properties versus 887 last month. This month’s pended property sales were
13.3% higher 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.