SPONSORED BY: The Fresno Association of REALTORS®

Fresno County
Published: October 2022*

Property Types: All Residential Prop. – All Properties – All Properties

Price Range: $0 – No Limit
Bedrooms: 0 – No Limit
Year Built: 0 – No Limit

SQFT Range: 0 – No Limit
Bathrooms: 0 – No Limit

October 2022 is a Seller’s market! The number of for sale listings was up 66.3% from one year earlier and up 0.8% from the previous month. The number of sold listings decreased 35.9% year over year and decreased 20.4% month over month. The number of under contract listings was down 5% compared to the previous month and down 27.4% compared to previous year. The Months of Inventory based on Closed Sales is 2.7, up 165.8% from the previous year.

The Average Sold Price per Square Footage was down 0.4% compared to previous month and up 6.2% compared to last year. The Median Sold Price decreased by 1.7% from last month. The Average Sold Price also decreased by 2% 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 an upward trend, an increase of 76.5% compared to the previous year. The ratio of Sold Price vs. Original List Price is 13%, a decrease of 86.9% compared to the previous year.

It is a Seller’s Market

Property Sales (Sold)
July property sales were 527, down 35.9% from 822 in October of 2021 and 20.4% lower than the 662 sales last month.

Current Inventory (For Sale)
Versus last year, the total number of properties available this month is higher by 559 units of 66.3%. 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 0.8% compared to the previous month.

Property Under Contract (Pended)
There was a decrease of 5% in the pended properties in October, with 592 properties versus 623 last month. This month’s pended property sales were 27.4% lower than at this time last year.

All reports are published October 2022, based on data available at the end of September 2022, 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.

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