Fresno Home Market Changing Fast!

The Fresno real estate market, like most other areas is changing from a sellers market to a buyers market. We now have nearly 1900 active listings in the Fresno MLS, nearly twice the inventory of a year ago! It's been a great ride for sellers and owners the last few years, but now we are in an adjustment period that is flattening prices. It's a great time to be a buyer in today's market. There are many more homes for sale now, and buyers have more to choose from. I don't think prices will drop drastically, but this is a healthier market, where competitive pricing is the key to making a sale happen.