Fresno Real Estate Market on the Rise
Currently, the Fresno real estate market is in a healthy position. There’s an abundance of homes available, and there has been a gradual growth in home values over the past year.
Homes Selling Fast in Fresno
Last month, an estimated 700 Homes were sold in the Fresno area. There’s a pretty good balance of buyers and sellers- plenty of available inventory, and plenty of buyers looking into home-ownership. It appears that the housing market is slightly leaning towards a sellers market, but overall, Fresno is still one of the most stable housing markets in the nation.
Fresno Home Values Rising
There’s been some great news for both buyers and sellers alike, lately: interest rates are remaining stable, and home values have increased about 5% over past year. A few years home values were rising in the double-digits, rapidly recovering from the bubble burst. That made homeowners happy, but raised concerns that a new housing bubble may be forming. As of now, however, that does not appear to be the case, and the current numbers being seen in Fresno’s housing market appear to be quite stable and sustainable long-term.