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Clovis Real Estate News

June 28th, 2009

Clovis Homes for Sale — Weekly Report

The Latest Market Information for Clovis Home Buyers and Sellers (Sunday, June 28, 2009)

Number of Clovis Homes for Sale. The number of Clovis homes for sale is shrinking. A year ago, there were over 630 homes for sale in Clovis. Today, there are 311, less than 1/2 as many (see the chart below). This is good news for Clovis home sellers. A low inventory means fewer homes to go around and more buyers competing for the same properties. We’re now seeing multiple offers on most homes which is a good sign if you’re thinking about selling your home. Low prices, great interest rates, and thousands of dollars in tax incentives make this a great time to buy in Clovis.

Clovis CA Homes For Sale

Clovis Home Prices

Clovis homes prices have decreased dramatically from a year ago, but have rebounded the past 3 months. It’s still too early to tell whether home prices have hit the bottom in Clovis, but an increase in sales prices April-May is a good sign for Clovis sellers. This week’s prices are down slightly from last week.

Days on the Market

It’s taking longer to sell a Clovis home. 1-year ago, it took a little over 2 months to sell a home , now it takes, on average, 180 days. Why the increase? When there were more homes on the market (a year ago); there were far more homes for sale than buyers. Now that trend is reversing (see Number of Homes for Sale above). With prime selling season around the corner, lower inventories, and great interest rates, the number of days on the market are expected to decrease as buyers snatch up inexpensive homes before school starts. This weeks average days on the market is down slightly from last week.

Let us know if you’re interested in buying or selling your Clovis home. We’ll help you reach your home goals.

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This entry was posted on Sunday, June 28th, 2009 at 12:01 PM and is filed under Buyer Info, Seller Info. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.