Report: ‘Rona rebound’ continues in Valley real estate market

After an initial dip because of the COVID-19 pandemic, the California housing market is booming. 

The California Association of Realtors released its year-to-year report for October with three key points: sales are up, the average home prices has remained over $700,000 and the supply is the lowest since 2004. 

In the Central Valley, existing home sales are up 9.9 percent year-to-year, and the average home price is up to $395,000, a 14.7 percent increase. 

Homes in the Central Valley are moving fast as the median number of days a listing is on the market comes it at seven. The unsold inventory index is reported at 1.8 months, far below the 6-8 month range that is considered normal. 

The sales price to list price ratio is 100.1 percent, meaning sellers are receiving offers that match what they are asking for. 

Here’s a look at the month-to-month and year-to-year median sale price data for Central Valley counties: 

Oct. ‘20Sep. ‘20Oct. ‘19Price MTM% ChgPrice YTY% ChgSales MTM% ChgSales YTY% Chg
San Joaquin$431,440$435,000
Daniel Gligich is a reporter for The San Joaquin Valley Sun, focusing on Fresno State Athletics and the southern San Joaquin Valley. Email him at