SPONSORED BY: The Fresno Association of REALTORS®
Published: July 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
June 2021 is a Seller’s market! The number of for sale listings was down 23.4% from one year earlier and up 13.4% from the previous month. The number of sold listings increased 7.6% year over year and decreased 9.8% month over month. The number of under contract listings was up 10.5% compared to previous month and up 9.3% compared to previous year. The Months of Inventory based on Closed Sales is 0.8, down 34.1% from the previous year.
The Average Sold Price per Square Footage was down 1.4% compared to previous month and up 20.4% compared to last year. The Median Sold Price increased by 2.8% from last month. The Average Sold Price also decreased by 1% from last month. Based on the 6 month trend, the Average Sold Price trend is “Neutral” and the Median Sold Price trend is “Appreciating”.
The Average Days on Market showed a downward trend, a decrease of 60% compared to previous year. The ratio of Sold Price vs. Original List Price is 102%, an increase of4.1% compared to previous year.
It is a Seller’s Market
Property Sales (Sold)
June property sales were 882, up 7.6% from 820 in June of 2020 and 9.8% higher
than the 803 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month is lower by
225 units of 23.4%. This year’s smaller inventory means that buyers who waited
to buy may have smaller selection to choose from. The number of current
inventory is up 13.4% compared to the previous month.
Property Under Contract (Pended)
There was an increase of 10.5% in the pended properties in June, with 971
properties versus 879 last month. This month’s pended property sales were
9.3% higher than at this time last year.
All reports are published July 2021, based on data available at the end of June 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.