Median Price of SFR Listings in Fresno and Clovis at a 12-Month High
According to Fresno MLS and Clarus MarketMetrics, the median price of SFR listings in Fresno and Clovis reached a 12-month high in March, when the median price reached $228k. In March of 2014, the median price was $219k, making for a 4% increase in price over the past year. With fewer houses on the market, demand has increased, and many neighborhoods have experienced “bidding wars” for certain properties.
This follows along with a nationwide increase in home prices, which has been leading many experts to forewarn of a potential “bubble burst”, much like the one that occurred in 2008.