Market Conditions

Current Market Conditions

Fresno & Clovis Single Family Homes as of January, 2020

Active residential listings in Fresno, Clovis  831

Solds in previous Month   498

831/498=1.66 Months of inventory

We are in a Sellers’ market with 1.66 months of current inventory. Over the summer we have seen an increase in sold homes.  This increase in solds is partly seasonal, but it also can be attributed to the great interest rates we have experienced over the summer.

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

01/14/20 3.97 30 Year fixed

Courtesy of Bankrate