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September 2009 |
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These are the
market stats for Fresno/Clovis through September.
All the
trends are continuing.
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Although in February we recorded the lowest average and median sales prices, we continue to bump along the bottom. Many analysts believe that we could dip back down, but regardless, it's a great time to buy!
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Inventory is now at an ALL TIME LOW!! The Months Supply of Inventory (MSI) report shows that we had 1,700 listing (Res. Single Family, Condo/PUD) in Fresno/Clovis at the end of September. As of Tuesday Oct. 20, that number is down to 1,400! If inventory remains low, prices could continue to tick up.
Buyers should buy now and with virtually no competition out there,
now is a great time for sellers to sell - and if they're not in a short sale position they can likely demand a higher sales price.
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We need listings!!! Every well priced listing will sell in this market!
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With over 300 Sales Associates in the Central Valley, London Properties is ranked as one of the largest, most productive Real Estate companies in America. In recent years, our annual sales have exceeded $1 Billion per annum. In 2024, we once again provided our customers with more top-producing sales agents than any other Real Estate firm in the Metro area and, of course, sold more homes and land over $1 Million than anyone else.
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Patrick Conner
President
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2025 is our 52nd year of setting the standards for Quality, Integrity and Productivity in Real Estate sales. If you would like more detailed information regarding either the market or our services, please give us a call.
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