As of August 2024, the Clovis real estate market continues to show robust activity. The median list price stands at $599,949, reflecting a strong seller's market with a Market Action Index (MAI) of 51. This stable MAI indicates that demand remains high, keeping the market competitive for buyers. Inventory has increased slightly to 212 homes, and properties are spending an average of 68 days on the market.
Key Insights:
- Median List Price: $599,949
- Market Action Index: 51 (Strong Seller's Market)
- Inventory: 212 homes
- Days on Market: 68 days
Market Dynamics
The Clovis real estate market remains resilient with stable pricing and low inventory. For sellers, this is a favorable time to list, as demand remains strong. Buyers, on the other hand, should be prepared to act quickly, as homes continue to move fast in this market.
For Sellers:
If you’re considering selling, now is an opportune time to list your property. With the strong seller's market, competitively priced homes are likely to attract multiple offers.
For Buyers:
With inventory on the rise, buyers might find more options, but the competition remains high. It’s essential to stay prepared and act swiftly to secure a home in this competitive market.
Neighborhood Trends
Certain neighborhoods in Clovis continue to be in high demand, particularly those with good schools, modern amenities, and proximity to major highways. These areas are seeing quicker sales and higher offers.
Final Thoughts
As the year progresses, staying informed about the Clovis real estate market will be crucial for both buyers and sellers. The stable MAI and increasing inventory suggest a strong but competitive market. Whether you’re looking to buy or sell, understanding these dynamics can help you make informed decisions.
For more detailed insights and the latest data, view the full report from Altos Research here.
