Fresno Multiple Listing Service data for April indicates that inventory remains low and home prices are down just slightly month over month and year over year. It appears buyers are adjusting to the reality of higher mortgage rates. Homes are selling fast and with multiple offers - when priced correctly.
It is important to remember that actual results vary by location, price point, condition, and the marketing of homes (including choice of Realtor and seller pricing decisions).
Here are the results for the last four homes we listed:
Address Sales Price Original List Price Days on Market Offers
1601 W Saginaw 93705 $270,000 $250,000 (108%) 9 13
93705 (April 2023): Average sales price as percentage of list price = 98% (compare to 108% on this listing).
Average days on market = 37 (compare to our 9 days on market for this listing).
7023 N Oratorio 93711 $351,000 $345,000 (101.74%) 5 7
93711 (April 2023): Average sales price as percentage of list price = 96% (compare to our 101.74% on this listing).
Average days on market = 57 (compare to 5 days on market for this listing).
This home sold for $5,000 above appraised value.
4162 N Milburn 93722 $264,000 $235,000 (112.34%) 3 33
93722 (April 2023): Average sales price as percentage of list price = 99% (compare to 112.34% on this listing).
Average days on market = 30 (compare to 3 days on market for this listing)
5694 N Nantucket 93704 $455,000 $442,000 (102.94%) 6 6
93704 (April 2023): average sales price as percentage of list price = 98% (compare to 1012.94% on this listing)
Average days on market = 43 (compare to 6 days on market for this listing).
Our highly developed strategy helps sellers price their homes with maximum results & minimum stress. As a result, our listings sell fast and they sell for over asking price. We crush the Fresno MLS averages in both categories. This works because homes generally do NOT gain value by sitting on the market and because homes that are priced correctly draw multiple offers. The sellers we represent get the best price outcome, and they do not have to make their homes available for constant showings week after week.