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Zillow Says Home Values Will Rise 13.6% Next Year

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The California Association of Realtors reports that Fresno area home sales rose by 6.2% last month. (Shutterstock)
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Zillow expects home values to grow 13.6% between September 2021 and September 2022, and to end 2021 up 19.5% from 2020.

The online real-estate company’s forecast this week also called for 6.04 million existing homes to be sold in 2021. That’s up  7% from 2020.

You can read more about Zillow’s analysis of the national housing market at this link.

Median Fresno County Home Price Is $380K

Meanwhile, the California Association of Realtors reports that Fresno County home sales increased by 6.2% last month compared to September 2020 — making Fresno one of only 10 counties in the state to record an annual increase.

The median price for a home sold in Fresno County during September was $380,000, up 16.9% over the same month last year.

Two other Valley counties saw increased home sales:  Merced and Stanislaus.

You can view a video of CAR’s market forecast at this link.

 

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