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Keller Williams Realty Blog

Sunday, July 01, 2018   /   by Jeff Reyes

Real Estate Market Update for Modesto in 95355 June 2018

Real Estate Market Update for Modesto in 95355 June 2018

The graph above shows what has been happening in our market for the last 12 months. We saw a 20% increase in the number of homes for sale over last month but only a 15% increase in the number of homes sold and pended in the same time period.

You also see that we saw a 22% increase in the number of homes for sale year over year but a big decline in the number of homes sold by almost 27% with pended homes dropping slightly by 6%.

What does that mean?

When you look at the graph below you will see what I believe to be the answer in the number of homes for sale increasing and the number of sold homes decreasing year over year.

The average price for a home that SOLD in 95355 increased by 13% year over year. With such a large increase it makes it more difficult for willing and able buyers to purchase a home in an affordable price bracket.

Here is a link to the current real estate market conditions for Modesto i ...

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Keller Williams Realty
5222 Pirrone Ct Ste 301
Salida, CA 95368
DRE# 01906461

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