Fresno Market Update Report for June 2025

Fresno Real Estate Market Update 

June 2025: A Market in Transition

The Fresno housing market is telling a clear story of change. After years of breakneck pace and fierce competition, we're witnessing a fundamental shift toward a more balanced marketplace—one that offers both opportunities and challenges for buyers and sellers alike.

The Numbers Paint a Picture of Moderation

Fresno's median home prices held steady in June, ranging from $415,000 to $428,000 depending on geographic scope, representing modest year-over-year gains of just 1.9% to 3.5%. This marks a dramatic slowdown from the double-digit appreciation we've grown accustomed to in recent years.

Perhaps more telling is what's happening beneath these price figures. Homes are staying on the market significantly longer—27 to 32 days on average—nearly doubling from last year's lightning-fast 14-18 day average. Meanwhile, inventory is building, with 2,689 active listings in Fresno County representing a 7.3% month-over-month increase.

The Shift is Real—And It's Statewide

California's inventory has reached 3.8 months of supply—the highest since before the pandemic and up dramatically from just 2.6 months in June 2024. As one market analyst noted, "For the first time since June 2023, California's median sale price decreased from a year ago. We're moving toward a buyer's market, though we're not fully there yet."

This trend extends nationally, where 20.7% of listings now feature price cuts—the highest share for any June since at least 2016, according to Realtor.com's latest data.

What This Means for You

If You're Buying: The frenzied bidding wars are fading. You now have more time to evaluate properties, conduct thorough inspections, and negotiate terms. However, affordability remains challenging with elevated prices still well above pre-pandemic levels.

If You're Selling: Gone are the days of instant offers and guaranteed bidding wars. Success now requires strategic pricing from day one and flexibility in negotiations. The 6.4% month-over-month decline in pending and closed sales shows that overpriced homes are sitting longer than ever.

Looking Ahead

Fresno's market isn't collapsing—it's normalizing. After years of extreme seller advantage, we're moving toward the balanced conditions that historically define healthy real estate markets. Buyers are gaining negotiating power while sellers maintain significant equity gains from recent years, but must adapt their expectations and strategies accordingly.

The key for both sides? Understanding that this isn't 2022 anymore, but it's also not 2019. We're in a new chapter where preparation, realistic expectations, and strategic thinking will determine success.

Have any questions? Reach out to us any time. 

All Our Best!

Data sources: Redfin, Rocket Homes, Realtor.com, California Association of Realtors