Sunny weather, the smell of BBQ on the grill, the sound of kids outside playing in the pool, more businesses being allowed to open up and serve our community, and of course the return of a hot real estate market!
Earlier this week I released some simple local real estate stats for the month of April – it’s a year over year comparison for existing single-family home sales in the cities of Fresno and Clovis. Check it out below –
Take a look at the first line, Average Sold Price is up almost $30,000! The Average Days on Market (how quick on average a home stays on the market before going under contract) is down by 10 days. So what’s going on here… it’s a supply/demand issue. With interest rates under 3.5%, it makes sense that there would be a lot of buyers looking to purchase a home right now (yes we are showing homes right now, we can do it virtual or with a private appointment). And while a buyer may pay a bit more for the home itself than a year ago, they are now able to escape high rent apartments and housing and build their own equity. Sellers are enjoying all the competition from buyers wanting to be the next owners of their homes. If you are thinking of selling your home, I kid you not, this is the time! We are putting more homes safely on the market each week using 3D tours and private showings with buyers that are required to wear masks and gloves. Text me if you have any questions on the market today 559-708-8768 – I’m here to help.