January 2024
MArket Update
Homes for sale- January was a seller’s MArket
Homes closed in January were 537 in Fresno MLS. This is down 21.1% from last month and up 5.7% from last year.
Homes for sale in January were 1545 in the Fresno county MLS. This is down 10% from last month and 2.9% from last year.
Homes placed under contract in Fresno MLS were 846. This is up 44.1% compared to last month and up 11.3% from last year.
Average Sold PRive Per Square Foot was neutral
Average sold price per square footage was $244
This is up 3.4% from last month and up 9.4% from last year.
Average continuous Days on MArket was Rising
Continuous Days on Market: 44
This is up 15.8% from last month, and down 12% from last year.
sold/list price ratio was falling
Sold/List Price ratio was 21%. This id down 78.4% compared to last month and 77.7% from last year.
AVerage for sale price was depreciating
Average sold price in Fresno MLS was $557,000.
This is down.2% from last month and up 6.1% from last year.
Average Sold price was neutral
Average sold price was $441,000 in Fresno MLS.
This is up 4.5% from last month and up 14.8% from last year.
Months of Inventory- Seller’s MArket
Months of inventory in the Fresno MLS- 2.9
This is up 15.9% compared to last month and down 6.4% from last year.
