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Folsom Housing – Sales Down – Inventory Up and Pendings Up

Posted on: July 9, 2019

Folsom Sale June 2019

Okay, here we are, half-way through the year, and it’s a good time to take a look at the Folsom housing market.

Data shows a drop in sales, a rise in inventory, and last month, a spike in pendings, which was likely caused by the drop in interest rates.

Remember last fall when the ‘experts’ predicted rates would hit over 5%, some even predicting close to 6%?

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Filed under: Real Estate

Making Sense of the Folsom Housing Market…maybe

Posted on: April 19, 2019

Folsom sales first quarter 2019

The Folsom Housing market started out the first quarter of 2019 with a somewhat-expected whimper.

138 homes were sold, compared to 148 for the same period last year. That’s not a huge drop, but it’s not growth, either.
Inventory was down as well, which is typical, with many sellers waiting for better times and better weather.

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Filed under: Real Estate