In July, home prices rose moderately from the month before, with a median listing price of $431,475.
The number of listings on the market remained practically unchanged from last month, but it is a bigger decrease than normal 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 July. 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 0.9%, which means price changes in the Raisin Capital are smaller the national market.
Fresno inventory
In July, there were 836 homes for sale in Fresno, which was 0.2% less than the month before and 34.2% more than the same time last year.
Meanwhile, active inventory across the nation rose by 1.9% from last month to 1,102,787.
The number of new listings in Fresno was 476, which was 4.8% less than the month before and 11.7% more than the same time last year.
Nationally, the number of new listings fell by 3.9% from last month to 434,816.
Time on market
Homes in Fresno take an average of 46 days to sell, according to July figures.
This is one day more than the previous month and eight days more than the same month last year.
For comparison, nationally homes spent an average of 58 days on the market in July.
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.