It looks like sales in September have dropped in the Valley. Sales in Fresno County dropped 13% from August. See the previous blog for our explanation. Though sales have fallen, median prices have managed to rise 1% over August. and a jump of 16.8% over the previous year. This is good for those who are upside down on their homes. Provided that values continue to go up, we’ll see more buyers moving up, creating more real estate sales and employing more people. This is good for Fresno.
See Business Journal article:
http://www.thebusinessjournal.com/news/real-estate/9227-home-sales-fall-hard-in-madera-county