Median Sold price was DOWN from June 2024:
- July 2024 $416,250.00
- June 2024 $425,00.00
506 homes sold
7.20% MORE homes sold July of 2024 than in July of 2023 (472 homes sold July of 2023 versus 506 homes sold July of 2024 that is 34 MORE homes)
- 4.55% MORE homes sold in July of 2024 versus June of 2024 (506 homes sold July of 2024 versus 484 homes sold June of 2024. That is 22 MORE homes sold in July than June).
Average Days on Market:
Average Days on Market for homes that sold in July 2024 was 26 days.
This is UP from June 2024.
- DOM for June 2024 was 22 days
Homes with no price changes saw an Average Days on Market of 15 days.
- Sales Price versus Offer Price was 100.1%
For homes with 1+ price changes the Average Days on Market is 51 days
- Sales Price versus Offer Price was 94.3%
Median For Sale Price $430,000.00 versus Sold Price of $416,250.00
Four (4) bank owned properties sold.
- Other Real Estate Owned (OREO) sales are UP from June
- 517 homes went under contract.
- 601 New Properties were listed for sale.
Months’ Supply Inventory of 1.7 months.
Economists describe a balanced real estate market as having 6 months of supply; a seller’s market would be less than 6 months supply; a buyer’s market would be greater than 6 months’ supply.
- The Fresno and Clovis markets still have low levels of inventory.
The information provided in this document was supplied by Jared Martin & Associates. All details are believed to be accurate but should be independently verified.
If you have a brokerage relationship with another agency, this material is not intended as a solicitation. Information is reliable but not guaranteed and should not be considered legal or financial advice. Each Keller Williams office is independently owned and operated.