Home sales are climbing in Fresno and other areas of the central San Joaquin Valley, according to the California Association of Realtors’ July sales and price report.
Homebuyers are more confident in the market given sustained job and income growth, pushing home sales to the highest level statewide in nearly three years, the association said.
In Fresno County, “our residential market continues to be strong, with a healthy, sustainable, and steady increase in both activity and pricing,” said Colleen Wiginton, president of the Fresno Association of Realtors.
Fresno, Kings and Madera counties are experiencing double-digit growth in home sales. In July, sales increased 19.7 percent in Fresno County compared to the same time last year, the report said.
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The median home price rose to $223,860 in July compared to $201,530 in July 2014. In June, the median home price was $223,150.
Wiginton’s figures, however, show higher numbers. Pending sales – those going into contract – are up 22.7 percent compared with last year and home prices are up 8.6 percent to about a average of $240,000.
“Properties are selling a bit faster than last year,” she said.
July 2015 Sales and Price Activity
MTM% Sales Change
YTY% Sales Change