Hello,

Attached are December’s Agent Metrics Report, the Fresno and Clovis Sales Tracking Google Sheet, detailed commentary, and a collection of real estate and finance articles. I trust these resources will provide useful insights to support your continued success.

Fresno and Clovis Real Estate Market Update: December 2025

Key Highlights:

• Median Sold Price: decreased to $405,000 in December 2025, down  from $429,589 in November 2025 (-5.73%).

• Homes Sold: 

• 425 homes sold in December 2025, up  (10.97%) from 383 in November 2025 (42 more homes sold in December than in November)

• 425 homes sold in December 2025, up (12.73%) from 377 in December 2024 (48 more homes).

• Average Days on Market (DOM):

• December 2025: 45 days, up from November 2025 (43).

• Homes with no price changes: 22 days.

• Homes with 1+ price changes: 73 days.

• Sales Price vs. Offer Price:

• Homes with no price changes: 99.1%.

• Homes with 1+ price changes: 93.4%.

• Median For-Sale Price: $430,000 vs. Median Sold Price: $405,000.

• Bank-Owned Properties: 1 sold in December 2025, flat from November.

• Pending Sales: In December 341 homes went under contract (versus 397 Pending Sales in November), signaling potentially fewer closings in January than in December.

• New Listings: 387 new properties were listed for sale.

• Months’ Supply of Inventory (MSI): 3.1 months in December 2025, indicating a loosening of the 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: 2.6 (vs. NAR: 2.8)

• June: 2.5 (vs. NAR: 2.9)

• July: 2.6 (vs. NAR: 2.6)

• August: 2.1 (vs. NAR: 2.5)

• September: 2.5 (vs. NAR: 2.6)

• October: 3.0 (vs. NAR: 2.8)

• November: 2.8 (vs. NAR: 3.1)

• December: 3.1 (vs. NAR 2.5)

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: 

Supply appears to be gradually increasing in the Fresno and Clovis markets. With the Months’ Supply of Inventory at 3.1 months (up from November), the market remains competitive and continues to slightly favor sellers. The drop in pending sales and the level of new listings suggest a potential slight decrease in closings for January compared to December. 

Commentary:

The Fresno and Clovis housing markets exceeded my expectations in 2025. Heading into the year, with 2024 closings of 5,187 single-family residential homes and condo sales across both cities, and amid considerable uncertainty, I anticipated a flat market or perhaps a slight decline in volume.

Seeing an increase, even a modest 2.7%, was encouraging. The headwinds from 2024, including the major changes to how real estate commissions are negotiated, persistently elevated interest rates, and broader economic concerns, created a cautious atmosphere for many in the industry.

I expected transactions to drag out longer as buyers and sellers navigated the new rules around buyer-agent compensation. Yet the market proved resilient, and it appears the public has adapted to the current rate environment.

For a bit of perspective: When I purchased my last home in 2007, my rate was just under 7.5%, and the purchase price was $435,000 above the current median in Fresno and Clovis. My parents faced rates over 17.5% when they moved here in 1981. In that context, today's rates hovering just over 6% feel far more manageable.

On a personal note, Jared Martin & Associates closed 48 homes in 2025, up from 44 in 2024. We're still off our 2019, recent high, of 98, but the upward trajectory is clear and motivating.

Looking ahead to 2026, I expect continued growth in total sales across Fresno and Clovis, more than we saw in 2025. I don't anticipate a dramatic 5%+ jump, but a solid 3-4% increase wouldn't surprise me at all, assuming rates remain stable and inventory gradually improves.

As always, feel free to reach out if you'd like to discuss how these trends might impact your plans. Here's to a strong start in 2026!

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

1. President Trump issued an executive order on Tuesday laying out steps to stop Wall Street home purchases.  

2. Millions of home sellers and buyers are caught in the crossfire of a battle over how to rate a home’s exposure to natural disasters

3. New York is preparing to loosen its environmental law to make it faster and cheaper to build housing in the state

4. President Trump’s proposals for the housing market aim to give buyers more purchasing power but don’t address the shortage at the root of the affordability crisis

5. Why pay more? This couple left pricey California behind for a spacious, affordable home in the Midwest

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