Sacramento Real Estate Blog

November has been a good month for real estate home sales in the Folsom area. Sales have been up in each category as well as the total unit volume. 13 foreclosures sold in the area - an 8.3% increase year over year, along with 13 short sales - a 44.4% increase for the same period and 37 non-distressed properties also sold - an increase of 32.1% for the same period. Overall unit volume is up by 28.6% with 63 homes sold this November.

Sold price per square foot is the same as it was last month at $175.04, lower year over year however by 9.5%. Homebuyers afforded themselves homes on average 7.1% bigger this November than last November. Average sales price is now $374,111 down 3.1% year over year from a high of $386,010. Median sales price is now $362,000.

Inventory in Folsom is currently at 4.9 months based on the last year of sales and 4.5 months based on the last six months of sales. Foreclosure inventory is at 1.7 months no matter how you look at it.