The small Yolo County city recorded just 11 sales in the three months ending June, down sharply from a year earlier, even as homes sold twice as fast.
The tiny market's median sale price dropped 45.5% year-over-year, though just four homes changed hands, a swing driven more by the mix of sales than any broad decline.
A shift toward larger or higher-value homes pulled the headline figure down even as per-square-foot prices climbed nearly 9% over the past year.
The number of homes for sale fell nearly 12% from a year ago, tightening an already competitive market where more than a third of homes are selling above asking.
County supervisors moved forward on several affordable and workforce housing agreements, greenlit bond financing for a homeless-housing provider, and reviewed the year's homelessness numbers during their July 14 meeting.
County supervisors approved a homeless-services contract, advanced a new crisis treatment facility, and scheduled upcoming votes on rezoning projects in the North and Central county.
The June election settled the fate of the Village Farms Davis project, while the city council advanced downtown apartments, a new subdivision, and a homeless services facility on H Street.
The City Council advanced its General Plan update, approved a final map for a new Lennar Homes subdivision, and canceled two older development agreements in the Douglas and Sundance areas.
The City Council moved to finance a new affordable apartment project, extended contracts with two major shelter operators, and called for a hard look at what its homeless programs actually deliver.
The typical asking rent in Fair Oaks climbed to a record $2,050 in May, though the year-over-year pace remains modest compared with recent stretches.