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Market Conditions


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Current Market Conditions

Fresno & Clovis Single Family Homes as of March 11, 2019

Active residential listings in Fresno, Clovis  1134

Solds in previous Month   382

1134/382=2.9 Months of inventory

We are in a Sellers’ market with 2.9 months of current inventory. But we have seen a decrease in Solds over the winter months.  While that is expected we do anticipate an increase in activity through the spring.  As the weather changes we should see more buyers enter the market, taking advantage of the low interest rates.

0-4 Months of inventory is a Sellers’ market

5-7 Months of inventory is a Balanced/Neutral market

8-12+ Months of inventory is a Buyers’ market

"Months of inventory" is how long would it take at the current selling rate, to sell all active listings.

Current Interest rates

03/11/19 4.25% 30 Year fixed

 

Courtesy of Bankrate

 

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