51 homes sold in the city of Folsom this month. As compared with 66 homes last April, that was a decline of 22.7% year over year. Foreclosures fell 33.3% and short sales 38.5% while non-distressed homes fell 9.4% making Folsom one of those rare areas where there were year over year declining real estate sales in all categories. (In most other areas of Sacramento, foreclosure sales are falling while short sales and non-distressed property sales are increasing.)

Average price per square foot remained almost the same year over year in Folsom at $177.16. Last April, it was $178.32. Interestingly though, homebuyers purchased homes on average 12.4% smaller this April than they did the last, which led to the average sales price to drop by 12.9%. Average sales price currently rests at $331,343 from a high of $380,617. Median sales price is now $325,00 down 9.7% from $360,000 last April.

Real estate inventory in Folsom hovers around 5.5 months. Foreclosure inventory remains higher in Folsom than most other places in Sacramento county at right around 2 months.

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