"In September, home prices rose slightly from the month before, with a median listing price of $425,000. The number of listings on the market remained practically unchanged from last month, but it is a smaller increase 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 September."
"But the most recent data shows that the price per square foot decreased by 0.4% compared with the month before. So, how does this compare with the rest of the U.S? Nationally, home price per square foot decreased 0.8%, which means price changes in the Raisin Capital are smaller the national market. Fresno inventory In September, there were 880 homes for sale in Fresno, which was 0.7% more than the month before and 26.1% more than the same time last year."
"Meanwhile, active inventory across the nation rose by 0.2% from last month to 1,100,407. Time on market Homes in Fresno take an average of 52 days to sell, according to September figures. This is three days more than the previous month and 13 days more than the same month last year. For comparison, nationally homes spent an average of 62 days on the market in September."
Median listing price in Fresno rose slightly to $425,000 in September. Price per square foot in Fresno decreased 0.4% month-over-month, smaller than the national decrease of 0.8%. Inventory in Fresno was 880 homes for sale, up 0.7% from the previous month and 26.1% year-over-year. Nationwide active inventory totaled 1,100,407 homes, rising 0.2% month-over-month. Average days on market in Fresno was 52 days in September, three days longer than the prior month and 13 days longer than a year earlier. Nationally, homes averaged 62 days on the market in September. Homes in Fresno are selling slower than last year.
Read at SFGATE
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