"Active listings in Fresno hit 838 in February, up 21.9% year-over-year, nearly triple the national inventory growth rate of 7.9%. This surge means buyers have significantly more choices and less competition."
"The median list price fell to $419,849 in February, down 2.0% from a year ago, with 17.6% of active listings having taken a price cut, indicating a shift in seller strategies."
"The typical Fresno home sat on the market for 45 days in February, up 6.0% year-over-year, but still well below the U.S. median of 70 days, showing that well-priced homes in strong neighborhoods are still selling."
Fresno's real estate market has seen a significant shift towards buyers, with active inventory increasing by nearly 22% year-over-year. The median list price dropped to $419,849, and many sellers are reducing prices to attract buyers. Homes are lingering on the market longer, with the typical home sitting for 45 days. This trend provides buyers with more options and leverage, while sellers must adjust their pricing strategies to remain competitive in a changing market.
Read at SFGATE
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