Who has the biggest opportunity in the Fresno/Clovis housing market right now? It’s the move-up buyer! Why does the move-up buyer have an advantage when they sell and buy?
It is simple supply and demand. There are many more buyers than homes for sale under $350,000 and many more homes than buyers for homes over $450,000. To put that into perspective from an inventory standpoint, there is less than 2-months-supply of inventory for homes under $350,000 and there is a 5 to 8 month supply of inventory for homes over $450,000. That is a huge difference in number of homes for sale. That huge difference is where this opportunity comes from.
The move-up seller has the opportunity to get top-dollar when they sell, and negotiate a great deal when they buy! So for the first time in a long time the move-up buyer has an advantage when they sell and buy!
If you’re considering moving up to the home of your dreams… this is the perfect time to do so! For more information about the Clovis real estate market, and especially the “move up” situation, read our August Market Analysis.