In addition to National headlines stating that our western region is experiencing a slow-down, here's a few more indicators (as reported by the Fresno MLS). After continuous monthly year over year increases in sales, July 2016 sales were down nearly 4% from last year. Inventory remains tight, but for the first time in recent years during our peak selling season, price appreciation appears to have cobbled. The average sales price in June topped 255,000, but then fell slightly to 253,000 for both July and August. These and other indicators are signaling that now could be the perfect time for sellers to cash-out.

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Patrick Conner
President
London Properties, Ltd.