Fresno Home Prices are Rising
Real Estate experts say that Fresno’s housing market is in a healthy position. There are a good number of homes available, and there has been gradual growth in the homes’ values.
Why it’s a good time to sell in Fresno
Compared to January 2015, home prices nationwide have increased by 6.9 percent in January 2016. Since December 2015, home prices have increased by 1.3 percent in just one month. In Fresno, the numbers are similar. Fresno home prices have increased by 5.3 percent in January 2016 compared to January 2015. On a month-to-month basis, home prices have increased by 1.4 percent in January 2016 compared to December 2015. This is the perfect time to be a seller’s market because interest rates are staying low and the people are keeping solid jobs and gaining income growth as well. It’s slightly a seller’s market, but it’s also not a bad time to buy.
Houses are selling fast in Fresno
Just in the month of September 2015, over 700 homes were sold in the Fresno area. Sellers have been able to keep up with buyers by having a good amount of homes on the market.
What’s ahead for the Fresno Housing Market
According to the CoreLogic HPI Forecast, home prices should increase by 5.5 percent on a year-over-year basis from January 2016 to January 2017. So with the prices continually rising, sellers have a choice to sell now or wait until their home is worth a little more. Either way, it’s a good time to sell.