Home buyer interest in real estate in the city of Folsom continues to peak with 81 homes sold overall this month. That is a unit volume increase of 19% year over year from just 68 homes selling last June. Foreclosure sales fell 19% year over year while short sales increased 41.7% for the same period. Non-distressed property sales also increased – albeit at a lower pace – 27.5% year over year. Currently, 63% of all homes sold are non-distressed as compared with 58.8% last year at this time.

Average price per square foot is now $169.44 which is a 3.2% decline year over year from a high of $175.02. Interestingly, home buyers also bought homes exactly 3.2% larger this year than they had last year at this time, leaving average home prices almost the same at $357,318 in Folsom. Last June, the price for an average sized home in Folsom was $357,483. Median sales price however has fallen again to $341,500 – that’s a 7.1% decline year over year from $367,500.

Inventory in Folsom is at 4.3 months.

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