"In November, home prices fell slightly from the month before, with a median listing price of $423,925. The number of listings on the market remained practically unchanged from last month, but it is a bigger increase than normal for this time of the year in Fresno, and homes are also selling slower than at the same time last year. Typically, home price per square foot in Fresno tend to rise in November."
"Nationally, home price per square foot decreased 1.2%, which means price changes in the Raisin Capital are smaller the national market. In November, there were 904 homes for sale in Fresno, which was 0.2% more than the month before and 22.7% more than the same time last year. Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266."
Median listing price in Fresno was $423,925 in November, a slight month-over-month decline. Price per square foot in Fresno decreased 0.6% month-over-month, while the national price per square foot fell 1.2%, indicating smaller local changes than the national market. Active inventory in Fresno totaled 904 homes, up 0.2% from the prior month and up 22.7% year-over-year, while national active inventory fell 2.5% to 1,072,266. New listings in Fresno numbered 360, 21.4% fewer than the prior month and 2.3% more year-over-year; national new listings declined 14.1% to 330,908. Homes in Fresno averaged 50 days on market, compared with 64 days nationally.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]