Good afternoon,

Attached, you'll find June’s Agent Metrics Report, the Fresno and Clovis Sales Tracking Google Sheet, commentary, and a selection of insightful real estate and finance articles. I hope these resources provide valuable insights and support your success.

Fresno and Clovis Real Estate Market Update: June 2025

Key Highlights:

• Median Sold Price: decreased to $427,000 in June  2025, down  from $430,000 in May  2025 (0.6977%).

• Homes Sold:

  • 453 homes sold in June 2025, up (1.7978%) from 445 in May of 2024 (8 more homes sold in June than in May)

  • 453 homes sold in June 2025, down (7.9268%)  from 492 in June 2024 (39 fewer homes).

• Average Days on Market (DOM):

  • June 2025: 29 days, up from May 2025.

  • Homes with no price changes: 16 days.

  • Homes with 1+ price changes: 57 days.

• Sales Price vs. Offer Price:

  • Homes with no price changes: 99.6%.

  • Homes with 1+ price changes: 93.2%.

• Median For-Sale Price: $448,500 vs. Median Sold Price: $427,000.

• Bank-Owned Properties: 5 sold in June 2025, with Other Real Estate Owned (OREO) sales up from 2 in May.

• Pending Sales: In June 540 homes went under contract (versus 482 Pending Sales in May), signaling potentially more closings July than June.

• New Listings: 736 new properties were listed for sale.

• Months’ Supply of Inventory (MSI): 2.3 months in June 2025, indicating a tight market.

Inventory Trends:

• 2025 Local MSI:

  • January: 2.7 (vs. NAR: 3.2)

  • February: 2.5 (vs. NAR: 3.0)

  • March: 1.9 (vs. NAR: 2.4)

  • April: 2.6 (vs. NAR: 2.4)

  • May: 2.5 (vs. NAR: 2.8)

  • June: 2.3 (vs. NAR: 2.7)

• 2024 Local MSI (for comparison):

  • January: 1.9 (vs. NAR: 2.6)

  • February: 2.1 (vs. NAR: 2.2)

  • March: 1.8 (vs. NAR: 1.8)

  • April: 2.0 (vs. NAR: 2.0)

  • May: 2.0 (vs. NAR: 2.2)

  • June: 2.4 (vs. NAR: 2.1)

  • July: 2.1 (vs. NAR: 2.0)

  • August: 2.1 (vs. NAR: 2.2)

  • September: 2.7 (vs. NAR: 2.6)

  • October: 2.4 (vs. NAR: 2.6)

  • November: 2.7 (vs. NAR: 2.5)

  • December: 2.7 (vs. NAR: 2.4)

Market Insight:

The Fresno and Clovis markets continue to experience low inventory levels, though they are gradually increasing. With a Months’ Supply of Inventory at 2.3 months, the market remains competitive, favoring sellers. The pending sales and new listings suggest more sales in July  than activity in June.

Commentary:

When property owners approach me to evaluate the value of their home, I prepare what I call a listing brochure, titled "Listing and Selling Your Home." I typically deliver this brochure via email, accompanied by the following note:

Good evening ________, I hope this email finds you well. I completed the research of 1234 A Street. The full report is attached for your review. I’d like to highlight a few key sections for your attention:

• Page 4: Contact information for Jared Martin & Associates team members.

• Pages 8-10: Property characteristics for 1234 A Street, sourced from Fresno County via Courthouse Retrieval Systems.

• Pages 12–13: Comparative Market Analysis (CMA) Report, detailing similar homes on 1234 A Street that are active, pending, or sold.

• Page 14–23 Client Listing Detail With Pictures, comparing 1234 A Street property to active, pending, and sold homes, with visuals for clarity.

• Page 25: Disclosure Regarding Estimated Net Sheet.

• Pages 26–28: Estimated Seller’s Net Sheets for the following price points: Assumptions - The net sheets do not show outstanding loan balances:

  • $400,000

  • $385,000

  • $365,000

• Page 36: Listing Plan of Action, outlining our strategy to sell your home.

• Page 40: Escrow Timeline.

• Page 41: Biography of Jared Martin.

• Page 43: ________ Unified Boundaries.

Please let me know if you'd like to schedule a meeting to further discuss selling your home.

Why am I sharing this? Recently, I've received numerous inquiries about the current state of the real estate market, which I would characterize as uncertain. Both buyers and sellers are navigating this unpredictability. As outlined in the listing brochure above, I provide a range of potential listing prices (and yes, for those outside Fresno, homes under $400,000 do still exist in California). During periods of market uncertainty, I recommend pricing toward the lower-middle end of this range to attract serious buyers and facilitate a smoother sale process. Even with low inventory levels, broader macroeconomic conditions can profoundly influence local market dynamics. Remember, real estate is inherently local.

Articles/Interviews/Presentations/Books that may be of interest:

1. Affordable-Housing Projects Stall Over Proposed Cuts to Rental Assistance

2. The Worst Housing Market in America Is Now Florida’s Cape Coral

3. Homeowners Who Gambled on Lower Rates Are Paying the Price

4. The Mistakes You Might Be Making With Your Fence, According to Design Pros

5. Rest of Year Isn’t Looking Good for Retail-Property Market

6. Morgan Stanley Strategist on Unlocking the Housing Market
   
   

View the supporting statistics HERE

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