Home Prices and Market Trends in Folsom CA for October 2015
Real estate market data for Folsom CA provided by David Vandermyden of Pacific Coast Group Real Estate, Keller Williams.
Folsom CA Home Prices and Market Trends for October 2015
Folsom CA home prices have increased in October, this time by 0.5% compared to September. Previously, we've noted that September home prices were the highest recorded figures in a fifteen-month period. October home prices are now the highest available in the past fifteen months, although the increase had been small. The number of sold homes increased by 11% in October. The average days on the market shot up to 48 days from the 32 days in September, while inventory continued to decrease to 1.3. Folsom market trends for October still point towards a seller's market. The current period remains to be a good time to sell your home - and an agent who can price your home within its market value will help you a lot. If you are interested in selling, we can help you find out what your home is worth. We also have some of the best agents who are experts in the Folsom CA to help you sell your property quickly and to the perfect buyers.
Folsom CA home prices may have gone up again, but the increase in the per square feet price had been a mere 0.5%. Folsom CA prices are still relatively stable for the remaining months in 2015. The number of homes in the market have dropped by 11% in October, and with inventory continuously decreasing, buyers will have less options available. If you are eyeing the Folsom area, it is best to get yourself an expert agent in order to zero in on your perfect home and give your best offer. If you are in need of a buyer’s agent, we have the best local agents for Folsom. Our page is a great place to look into if you are interested in the current home inventory in the Folsom CA market.
Folsom CA Market Trends
Folsom CA Real Estate Report Summary
The average list price in October for single family homes in Folsom is $594,000.
The list price increased by 0.2% from the previous month.
The price per square foot for listings in the area is $221.
The average sales price in October for single family homes is $481,000.
The sales price decreased by 6.9% from October 2014.
The number of months of inventory is 1.3 months and has decreased by 40.6% compared to October 2014.
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