Real Estate Blog

July 17, 2014

Fresno home price increases slightly

Real Estate Blog

BoNhia Lee on what's going down and going up in the Valley market

The double-digit home price increases seen in Fresno County and across the state over the last year could become a thing of the past.

The median home price of an existing home in Fresno inched up in June, but has slowed considerably to only a 0.8% increase to $201,080 from $199,540 in March, according to the California Association of Realtors.

In May, Fresno’s home price increased by 3.5% to $199,540 from $192,880 in April.

Don’t worry. That’s not a bad thing, the experts say.

“Home prices are finally increasing at a healthier pace,” said Leslie Appleton-Young, the association’s vice president and chief economist. “The smallest year-over-year price gain in more than two years suggests that prices are stabilizing.”

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About BoNhia Lee

@bonhialee

BoNhia Lee is a business reporter who has covered the ups and downs of the residential and commercial real estate market for The Bee since 2009. Contact her at blee@fresnobee.com or 559-441-6495.

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