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Fresno and Clovis Calif Home Market

The Fresno and Clovis home market continues to be a buyers market. Problem is, where are the buyers? Are they waiting for the bottom? Are they maxed out on spending and investing? Where are those investors? When will they jump back in and realize that long term, our area is a great place to invest. No one knows where the bottom is so I stand by my thought that you buy and sell when you need to and not worry about the future. It will take care of itself.

In Fresno and Clovis there are over 4,000 homes for sale, not including many builder homes. In September there were approximately 281 sales and an average time on market of over 80 days. With an average sales price of 313,000 there is still a downward pressure on pricing. Homes are selling for about 96 % of their final list price so some bargaining is going on.

Interest rates are still low and inventory high which makes it a wonderful time to jump in. That is if you're going to stay awhile!

Until next time, call me for your real estate needs and thanks for reading and taking part in this blog

Posted by Bob Volanti Fresno and Clovis, Ca Realtor on 10/10/2007 12:52 AM

Comments (1)

This post has been included in California Information Fresno County, CA Information

1 Comments on Fresno and Clovis Calif Home Market

MAR

2008

Bob:

It's nice to see you here on ActiveRain. Your blog post is several months old but it still raises some very good questions. I had the opportunity to attend the Fresno Economic Development Corporation's 2008 Real Estate Forecast. It was very informative and in many cases quite optimistic. One of the issues that was raised by the speaker is that we won't know when the market hits bottom until we look back after several months. I think this offers a great educational opportunity for us with our residential and investment buyers. If you wait too long, you will have missed the bottom.

I hope things are going well for you and you post again soon.

Lisa

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