When the topic of hot California real estate markets comes up, Fresno is not usually the first city mentioned. But for several years now, Fresno has been a sellers market.
Currently, there's about 4 months worth of inventory, with the hottest homes selling around $240,000.
"Builders didn't build very much during 2008 to 2013, so there was that shortage of new homes constructed," realtor Don Scordino said.
On Thursday, the Fresno County Economic Development corporation released its annual real estate forecast. Experts say the market has continued to move in a healthy direction and more buyers are local families rather than investors.