Written by Gabriel Dillard
Central Valley home prices were mostly up in June compared to last year, according to data from the California Association of Realtors.
Statewide, sales activity declined about 7 percent on an annual basis — the largest year-over-year sales decline in nearly four years.
The Central Valley as a whole experienced the smallest sales contraction at 6 percent. Merced County was the only location with a year-over increase (15.2 percent). Madera was among five counties to see double-digit annual declines.
The median sold price for a single-family home in Fresno County was $275,500 in June, down 1.6 percent from May but up 6 percent from June 2017. Sales activity in Fresno was up 2.3 percent month-over-month, but down 3.6 percent on an annual basis.
In Kings County the median home price in June was $245,000, up 4.3 percent from May and up 6.5 percent on an annual basis. On a monthly basis sales activity was down 7.7 percent and also down 11.1 percent on an annual basis.
Madera’s median home price last month was $268,000, up 3.5 percent month-over-month, but down 2.5 percent annually. Sales activity was down 1.1 percent for the month, and down nearly 25 percent year-over-year.
Tulare’s median home price for June was $234,500, down 0.2 percent from May but up 4 percent from June 2017. Sales activity was up 0.3 percent monthly but down 5.6 percent annually.