Fresno Real Estate Market Changing!

Our market is changing slowly but surely as we now have 1466 "active" listings in the Fresno/Clovis area as of 9/23/05. This is at least double the inventory we had from a year ago! Consequently, it's cooling the market and making it easier for us agents to find properties for our buyers. There's not as much "overbidding" going on with the increased inventory. Frankly, I like it better. We are also starting to see some price reductions on listings that remain on the market over 30 days. I like seeing a more balanced ratio between buyers and sellers! There still remains a lot of buyers because interest rates are still historically low. Sellers in the "sellers market" we had were getting too greedy with their pricing, now they are facing more competition with the increased inventory. Fresno remains one of the lowest price markets in the state, keeping us very busy.