In June, home prices fell moderately from the month before, with a median listing price of $424,823.
The number of listings on the market grew 5.6%, which is typical for this time of the year in Fresno, and homes are also selling slower than at the same time last year.
Home prices in Fresno
Typically, home price per square foot in Fresno tend to rise in June. But the most recent data shows that the price per square foot remained practically unchanged compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.4%, which means price changes in the Raisin Capital are outpacing the national market.
Fresno inventory
In June, there were 838 homes for sale in Fresno, which was 5.6% more than the month before and 45.4% more than the same time last year.
Meanwhile, active inventory across the nation rose by 4.5% from last month to 1,082,520.
Time on market
Homes in Fresno take an average of 45 days to sell, according to June figures.
This is five days more than the previous month and six days more than the same month last year.
For comparison, nationally homes spent an average of 53 days on the market in June.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Fresno, CA.