As the summer winds down, it’s time to take a quick look at the Folsom housing market.
It looks like the recovery, though not over, sure has slowed down.
For 18 months, from March 2012 to September 2013, homes in Folsom were selling fast, and by last summer were averaging 16 days on market. At one point, there were only 82 homes for sale in Folsom, and multiple offers were coming in, sometimes sight unseen.
Things sure have changed. For the 7th straight month, Folsom housing inventory has been on the rise, ending July with 221 homes for sale, a 3-year high. The average days on market is currently 40.
No, it’s not time to panic. It seems to be a sort of leveling of the playing field.
The Folsom Cattle Drive and Parade comes to Sutter Street today.
Kicking off the 54th annual Folsom Pro Rodeo, the parade consists of classic cars, a stage coach, US Army and Marines, music, the famous Painted Ladies and of course, a herd of Longhorn cattle.
This fun, family event is free and open to the public, and runs down Sutter Street from Coloma to Decatur. Parade starts at 6pm, but get there early for the best viewing spot.
The Folsom Pro Rodeo starts tomorrow, July 3rd and ends Saturday the 5th.
Get a $5 discount on general admission tickets by going to www.folsomprorodeo.com and entering myfolsom14 in the promo code field.