"In December, Fresno experienced an impressive swell in active listings, with a 31.4% surge compared to the previous year, reaching a total of 834 homes on the market. This remarkable increase far surpassed the national growth in active listings, which rose by 12.1%. Additionally, the number of newly listed homes in Fresno elevated by 11.3% year-over-year, a stark contrast to a 1.8% decline nationally. This wave of new listings significantly bolstered the inventory levels in the city."
"The median listing price in Fresno soared to $430,000 in December, marking a 4.2% rise from the previous year. This upward trajectory in pricing stood in stark opposition to the national median listing price, which experienced a slight dip of 0.6%. Despite the burgeoning inventory, the climbing prices in Fresno underscored robust demand in the area, possibly fueled by the city's alluring lifestyle and abundant economic opportunities."
"Homes in Fresno spent an average of 61 days on the market in December, reflecting a 10.9% increase from the previous year. While this indicated a more deliberate pace compared to last year, Fresno's median days on market remained shorter than the national average of 73 days, which rose by 5.0% year-over-year. The relatively brisk sales pace highlighted ongoing enthusiasm from buyers, even amidst rising inventory levels."
Active listings in Fresno rose 31.4% year‑over‑year in December to 834 homes, outpacing the national 12.1% increase. Newly listed homes climbed 11.3% versus a 1.8% national decline, substantially boosting local inventory. The median listing price reached $430,000, a 4.2% year‑over‑year increase while the national median dipped 0.6%, signaling robust local demand. Homes spent an average of 61 days on market, up 10.9% year‑over‑year but still shorter than the national average of 73 days (up 5.0%). Rising inventory expands buyer choice while elevated prices offer favorable conditions for sellers; local quality of life and economic opportunity may be factors.
Read at SFGATE
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