Even in the holiday season, Folsom posted more home sales in the month of December than it did in the previous month. 77 homes sold this month leading to an overall unit volume increase of 54% year over year. In fact, we saw increases in every category of real estate sales: foreclosure sales rose 5% short sales rose 157% and even non-distressed properties were 65.2% higher in sales than a year ago.

Part of the reason for all this homebuyer interest might be that Folsom has yet to post price increases like the rest of Sacramento county overall. Average price per square foot is currently $164.91 which is 9.7% lower than it was a year ago. Average sale price is also currently depressed at $350,048 – about 10.6% lower year over year. Median sales price is $348,000.

Inventory in Folsom is at 4.2 months based on the last year of sales and 3.9 months based on the last six months of sales. Foreclosure inventory is at a little under 2 months.

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