SPONSORED BY: The Fresno Association of REALTORS®
Published: April 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
March 2022 is a Seller’s market! The number of for sale listings was up 12.7% from one year earlier and up 5.5% from the previous month. The number of sold listings decreased 2.9% year over year and increased 20.3% month over month. The number of under contract listings was up 28.7% compared to previous month and up 9.1% compared to previous year. The Months of Inventory based on Closed Sales is 0.8, up 14.2% from the previous year.
The Average Sold Price per Square Footage was up 3.9% compared to previous month and up 21% compared to last year. The Median Sold Price increased by 3.9% from last month. The Average Sold Price also increased by 1.8% 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 an upward trend, a decrease of 20% compared to previous year. The ratio of Sold Price vs. Original List Price is 102%, an increase of 2% compared to previous year.
It is a Seller’s Market
Property Sales (Sold)
March property sales were 728, down 2.9% from 750 in March of 2021 and 20.3% higher than the 605 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month is higher by 67 units of 12.7%. 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 5.5% compared to the previous month.
Property Under Contract (Pended)
There was an increase of 28.7% in the pended properties in March, with 910 properties versus 707 last month. This month’s pended property sales were 9.1% 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.