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Folsom Home Prices Surge – Highest in 12 years

Posted on: May 9, 2018

Folsom hits $262

It’s time once again for a quick look at Folsom housing numbers.

The train keeps on rolling, and despite rising interest rates and low inventory, more buyers are jumping on board, and driving prices higher.

According to TrendGraphix,  for April 2018, Folsom home prices sold for an average of $262 per square foot.  That is the highest price per foot since April of 2006, when we topped out at $271 per.

Are they going to keep on rising? Is this a sign of the apocalypse? Should we expect prices to start falling?

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Filed under: Real Estate

Housing Inventory Rises as Sales Cool

Posted on: August 11, 2014

Folsom July 2014 Sales

 

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.

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