In November, home prices fell slightly from the month before, with a median listing price of $423,925.
The number of listings on the market remained practically unchanged from last month, but it is a bigger increase than normal for this time of the year in Fresno, and homes are also selling slower than at the same time last year.
Home prices in Fresno
Typically, home price per square foot in Fresno tend to rise in November. But the most recent data shows that the price per square foot decreased by 0.6% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the Raisin Capital are smaller the national market.
Fresno inventory
In November, there were 904 homes for sale in Fresno, which was 0.2% more than the month before and 22.7% more than the same time last year.
Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266.
The number of new listings in Fresno was 360, which was 21.4% less than the month before and 2.3% more than the same time last year.
Nationally, the number of new listings fell by 14.1% from last month to 330,908.
Time on market
Homes in Fresno take an average of 50 days to sell, according to November figures.
This is one day less than the previous month and four days more than the same month last year.
For comparison, nationally homes spent an average of 64 days on the market in November.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Fresno, CA.
Most popular listings in Fresno, CA