Good afternoon! I've attached the November's Agent Metrics Report and the Tracking Sales in Fresno and Clovis Google Sheet with this email. The highlights from the Fresno and Clovis Markets are below.

• Median Sold price was UP ⬆️ from October 2024:
  • November 2024 $437,000.00
  • October 2024 $400,000.00
•  409 homes sold:
  • 14.57% MORE ⬆️ homes sold November of 2024 than in November of 2023 (357 homes sold November of 2023 versus  409 homes sold November of 2024 that is 52 MORE ⬆️ homes)
  • 6.19% FEWER  ⬇️  homes sold November of 2024 than October of 2024  (409 homes sold November of 2024 versus 436 homes sold in October of 2024)
•  Average Days on Market:
  • Average Days on Market for homes that sold in November 2024 was 29 days.
    • This is FEWER ⬇️ than October 2024. DOM for October 2024 was 30 days.
      • For homes with no price changes the Average Days on Market is 15 days.
      • Sales Price versus Offer Price was 99.8%
  • For homes with 1+ price changes the Average Days on Market is 56 days
    • Sales Price versus Offer Price was 93.3%
•  Median For Sale Price $435,000.00 versus Sold Price of $437,000.00
• TWO (2) bank owned properties sold:
  • Other Real Estate Owned (OREO) sales were FLAT ↔️ from September.
• 410 homes went under contract.
• 459 New Properties were listed for sale. 
• Months’ Supply Inventory of 2.3 months.
• 2024 Inventory levels:
  • January MSI - 1.9 Locally versus The National Association of REALTORS®️ 2.6
  • February MSI - 2.1 Locally The National Association of REALTORS®️ 2.2
  • March MSI - 1.8 Locally The National Association of REALTORS®️ 1.8
  • April MSI - 2.0 Locally The National Association of REALTORS®️ 2.0
  • May MSI - 2.0 Locally The National Association of REALTORS®️ 2.2
  • June MSI - 2.4 Locally The National Association of REALTORS®️ 2.1
  • July MSI - 2.1  Locally The National Association of REALTORS®️ 2.0
  • August MSI 2.1 Locally The National Association of REALTORS®️ 2.1
  • September MSI 2.6 Locally The National Association of REALTORS®️2.5
  • October  MSI - 2.2 Locally The National Association of REALTORS®️2.5
  • NOVEMBER  MSI - 2.3 Locally The National Association of REALTORS®️ 2.3
•  2023 Inventory levels have fluctuated
  • January MSI - 1.8 Locally versus The National Association of REALTORS®️ 2.5
  • February MSI - 1.7 Locally versus The National Association of REALTORS®️ 1.9
  • March MSI -  1.2 Locally versus The National Association of REALTORS®️ 1.3
  • April MSI - 1.1 Locally versus The National Association of REALTORS®️ 1.3
  • May MSI - 1.1 Locally versus The National Association of REALTORS®️ 1.1
  • June MSI -1.3 Locally versus The National Association of REALTORS®️ 1.2
  • July MSI - 1.4 Locally versus The National Association of REALTORS®️ 1.4
  • August MSI - 1.7 Locally versus The National Association of REALTORS®️ 1.7
  • September MSI - 1.8 Locally versus The National Association of REALTORS®️ 1.9
  • October MSI - 2.0 Locally versus The National Association of REALTORS®️ 1.8
  • November MSI - 2.2 Locally versus The National Association of REALTORS®️ 2.2. 
  • December MSI - 2.3 Locally versus The National Association of REALTORS®️ 1.9. 
•  Economists describe a balanced real estate market as having 6 months of supply; a seller's market would be less than 6 months supply; a buyer's market would be greater than 6 months’ supply:
  • The Fresno and Clovis markets still have low levels of inventory.

Articles/Interviews/Presentations that may be of interest:
1. Sales of existing homes rose in November, notching the biggest year-over-year
gain in more than three years.
2. Soaring home prices and rents have reached crisis levels in Europe and
beyond. “The price in Ireland is mental.”
3. The Trump transition team has started to explore pathways to dramatically
shrink, consolidate or even eliminate the top bank watchdogs in Washington
4. Higher home-insurance rates are here to stay, while homeowners in many areas
face an increasing risk of nonrenewals, reduced coverage and expensive policy
conditions
5. The Key to Affordable Living Is Moving In With Your Sibling

*Construction Industry Braces for One-Two Punch: Tariffs and Deportations

View the supporting statistics HERE

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