Good morning,
Attached, you'll find April’s Agent Metrics Report, the Fresno and Clovis Sales Tracking Google Sheet, commentary, and a selection of insightful real estate and finance articles. I hope these resources provide valuable insights and support your success.
Fresno and Clovis Real Estate Market Update: April 2025
Key Highlights:
- Median Sold Price: decreased to $415,00 in April 2025, down from $432,570 in March 2025 (-4.06%).
- Homes Sold:
- 480 homes sold in April 2025, up 5.49% from 455 in April 2024 (25 more homes).
- Up 17.65% from 408 homes sold in March 2025.
- Average Days on Market (DOM):
- April 2025: 30 days, down from 33 days in March 2025.
- Homes with no price changes: 16 days.
- Homes with 1+ price changes: 62 days.
- Sales Price vs. Offer Price:
- Homes with no price changes: 99.6%.
- Homes with 1+ price changes: 94.2%.
- Median For-Sale Price: $448,995 vs. Median Sold Price: $415,000.
- Bank-Owned Properties: 3 sold in April 2025, with Other Real Estate Owned (OREO) sales up from March.
- Pending Sales: 452 homes went under contract, signaling potentially fewer closings May than April.
- New Listings: 646 properties listed for sale.
- Months’ Supply of Inventory (MSI): 2.3 months in April 2025, indicating a tight market. This is up from March
Inventory Trends:
- 2025 Local MSI:
- January: 2.7 (vs. NAR: 3.2)
- February: 2.5 (vs. NAR: 3.0)
- March: 1.9 (vs. NAR: 2.4)
- April: 2.3 (vs. NAR: 2.2)
- 2024 Local MSI (for comparison):
- January: 1.9 (vs. NAR: 2.6)
- February: 2.1 (vs. NAR: 2.2)
- March: 1.8 (vs. NAR: 1.8)
- April: 2.0 (vs. NAR: 2.0)
- May: 2.0 (vs. NAR: 2.2)
- June: 2.4 (vs. NAR: 2.1)
- July: 2.1 (vs. NAR: 2.0)
- August: 2.1 (vs. NAR: 2.2)
- September: 2.7 (vs. NAR: 2.6)
- October: 2.4 (vs. NAR: 2.6)
- November: 2.7 (vs. NAR: 2.5)
- December: 2.7 (vs. NAR: 2.4)
Market Insight:
The Fresno and Clovis markets continue to experience low inventory levels, though they are gradually increasing. With a Months’ Supply of Inventory at 2.3 months, the market remains competitive, favoring sellers. The pending sales and new listings suggest fewer sales in May than activity in April.
Commentary:
As a landlord with nearly two decades of experience in Fresno’s Section 8 housing voucher program, I was honored to join Congressman Vince Fong last week at Fresno Housing Headquarters to share my perspective on the program’s impact.
Fresno Housing reported that 5,500 households, supporting 30,000 Fresno County residents, rely on these vouchers, with 1,300 landlords participating. However, Fresno Housing warns that if the "One Big Beautiful Bill" (H.R.1) passes the Senate in its current form, it could devastate the local rental market. Their analysis projects mass displacement, a collapse of affordable rental markets, a halt to affordable housing development, crippled workforce and self-sufficiency programs, and an annual economic loss of $72 million.
While I participate in the voucher program, most of my tenants do not, and I aim to offer a balanced view. The bill reportedly targets assistance for able-bodied individuals, sparing families with children, the elderly, and the disabled. A common perception paints voucher recipients as unwilling to work, but I believe most—roughly two-thirds, based on my experience—genuinely need this support. Yes, some abuse exists, but it’s not the norm.
Fresno Housing raised a critical question: can able-bodied individuals afford housing on minimum-wage jobs? Since the passage of California’s AB 1482 rent control law, housing costs have soared, and landlords face pressure to raise rents annually to keep pace with market rates or risk falling behind. This creates a challenging dynamic for both tenants and landlords, amplifying the stakes of the bill’s potential passage.
Articles/Interviews/Presentations/Books that may be of interest:
- Home Sales in April Fell for the Second Straight Month The slowest sales pace for any April in 16 years indicates the spring selling season is shaping up as a bust
- Current Home Equity Loan Rates Learn how to get the best rate on a home equity loan
- Trump Teases Possibility of Taking Fannie Mae and Freddie Mac PublicTalks of ending government control of the mortgage giants have been under way since at least last year
- The Mortgage-Market Questions Key to a Public Offering for Fannie and Freddie Trump administration wants to sell shares in these key financial companies. How it does so will have big impact on home buyers and owners.
- How to Sell a Condo When the Market Is Working Against You Real-estate agents say to get ahead of special assessments and rising association dues
View the supporting statistics HERE
Jared Martin & Associates
Jared Martin, CCIM
2019 President California Association of REALTORS®️
Broker Associate - Lic. 01319553
Keller Williams Realty
740 W Alluvial Avenue Suite 102
Fresno, CA 93711
Cell: (559)779-1504
Office: (559) 721-4342
