fresno county real estate

published on June 20, 2017 - 12:22 PM
Written by The Business Journal Staff

The Central Valley market for existing single-family homes mostly saw a monthly and annual bump last month, according to new data from the California Association of Realtors.

Fresno’s median single-family home price for May was $250,000, up 4.2 percent from the month prior and 7.8 percent from May 2016. Sales were also up in Fresno in May — 10.4 percent from the month prior and 9.9 percent from a year ago.

In Kings County, the median single-family home price for May was $211,000, down 9.1 percent from the month prior and also down 1.9 percent from a year ago. On the bright side, May sales were up 17.1 percent compared to April, but down 6.8 percent from a year ago.

Madera County’s May median home price was $255,000, up 6.3 percent from April and also up 19.4 percent from a year ago. Sales for May, though, were down 12.7 percent from April and also down 23.6 percent from a year ago.

In Tulare County, the median home price in May was $225,000, up 4.7 percent from the month prior and up 9.8 percent from a year ago. Tulare County sales for May were up 21.4 percent on a monthly basis, and up 6.1 percent on an annual basis.

The Valley was mostly in line with a statewide market rebound in May. California’s median price was $550,200, up 2.3 percent month-over-month and up 5.8 percent year over year. Sales were also up 5.4 percent month over month and 2.6 percent year over year.


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