Fresno Home Market Trend For Fall 2013

TGChartImage

The Fresno Market is showing is showing signs of a slowdown now. As you can see from the graph above, the “Pended” sales, which is the red line indicating accepted offers is on a downslide, as well as the dark green, which is the closed sales. You can see that the MLS active inventory is increasing, by the light green bar showing approx. 1283 active listings at this date thru October 2013. From other analysis, our prices of homes in the Fresno/Clovis area have increased 13.7% since the beginning of the year 2013.

The graph below, shows the “months inventory” at this time. We currently have a 2.8 months of inventory based on closed sales VS current inventory numbers.

Months inventory