Here is this week's Folsom Homes Report, for sales activity in the Folsom real estate market as reported by Trulia.
In comparison to last week, the average price per square foot for Folsom homes remained unchanged where the median sales price rose to $335,952. There are 90 Folsom homes that are pending sales representing 25.07% of the available inventory. The average time to sell Folsom homes is currently 78 days.
Economists say mortgage interest rates are likely to fall as a result of the Federal Reserve's plan announced Wednesday to buy up $300 billion in Treasuries and increase purchases of mortgage backed bonds.
This week the mortgage interest rates have once again stayed below 5%. 30-year fixed rate mortgages decreased from 4.96% to 4.89% and 15-year fixed rate mortgages decreased from 4.54% to 4.52%.
If you would like a free list of homes for sale in Folsom, would like more information about the City of Folsom or would like to be the first to know about hot new listings before other buyers do, then give me a call at:(916) 983-7653.
For free reports on buying and selling and Folsom California Real Estate visit http://www.HoffmanRealtyGroup.com
Jeff Hoffman
HoffmanRealty Group Inc.
(916) 983-7653
http://www.hoffmanrealtygroup.com
email:jeff@hoffmanrealtgroup.com
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