In it’s time for the Fresno and Clovis Real Estate Market Update for October 2020. In October there were 671 homes sold, compared to 646 in September. Active homes on the market at the end of October was 540. At the first of the month there were 554 The average dollars per square foot of sold homes was $189. The average list price in Fresno and Clovis has increased to $363,000. That’s up $16,000 over last month, and the average sold price was $362,000. That is up $14,000 from last month.
The days on market for active listings is 44 days on market. The days for sold listings is 16 days which means that homes that sell are only on the market for an average of 16 days. Also a very telling stat was that 86 of the homes that sold in October sold in less than 30 days.
This month is not too much unlike the last several months. Some of the numbers have changed slightly but overall it’s pretty much the same picture. What did change this last month was interest rates. Interest rates took another drop and are now in the low 2’s. As a matter of fact we were just able to lock a buyer in at 2.25% which probably an all-time low. While this is still a very good seller’s market it is also an awesome time for buyers to get in the market because interest rates are so low.
I hope you find this information helpful if you have any questions or you’d like a copy of the full report send me a private message or comment below. I’d be happy to send you the pdf of the report. I hope you sell your home for every dollar it’s worth!