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Posted by Todd Mitchell on April 25, 2019
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Status Quo for March? 🤔

March 2019 Real Estate Market Snapshot

Greetings EVERYONE!  is it just us or is this year FLYING BY? 😮 I mean wow, end of April already; before we know it we’ll be talking about Christmas.🎄

So What is the new NORMAL for this REAL ESTATE MARKET? Who knows, I mean really…It bounces back in forth but remains a sellers market still. 

 

Inventory has has tanked too! We’re nestled in at 1.8 months of supply for the entire Fresno / Clovis area, below the national average of 2.1 months. AND, right as we head into the busy season.

Days on market (DOM) fell from 45 days in February to 35 days in March but one year ago it was at 25 days. We’re also down -12.5% year over year in sold homes from 631 in March of 2018 to 553 in March of 2019.  It does parallel our own experience as we watch buyers being pickier and picker as well as take longer to make a purchasing decision.

 

So, whats the verdict? I still sense a market shift here towards a balanced market. From what I’m reading, most analyst are predicting a good remainder of the year for 2019 and then rough waters could be in our future as we head further into the 2020’s. For now though, hey, we’re solidly in a sellers market. So you sellers, seriously, now is the time. The interest rates are HISTORICALLY LOW which encourages buyers to go out, shop and ultimately buy. You may be kicking yourself this time next year if you wait. AND, we’re SMACK dab at the beginning of the busy season so now is the time to be planning and working with us on the best plan to maximize your profit extraction.

 

🤚🏼 Also, if you’re wondering about the actual value of your home and not just want the Zestimate says (I’M SURE you know it can vary by A LOT), reach out to us here:   GreenFinRealty.com/HomeValue.

 

GO Ahead, Download the one page March Market Snapshot… You know you want to. >>>

 

 

Have a GREAT last week of April!  We’ll see you next month for the NEXT Market Snapshot.

 

 

 

All the best,

Todd & Linda Mitchell
The MITCHELL Team
559-440-6818
CalDRE# 01948429 / 01954417

Stop Searching & Start Living, the GoodLife!

 

 

 

 

 

 

 

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