September 2017 is a Seller’s market! The number of for sale listings was down 19.2% from one year earlier and down 5.6% from the previous month. The number of sold listings decreased 7.4% year over year and increased 10.1% month over month. The number of under contract listings was up 6.5% compared to the previous month and up 25.3% compared to the previous year. The Months of Inventory based on Closed Sales is 1.4, down 12.9% from the previous year.
The Average Sold Price per Square Footage was down 0.4% compared to the previous month and up 10.1% compared to last year. The Median Sold Price increased by 3.7% from last month. The Average Sold Price also increased by 3% from last month. Based on the 6 month trend, the Average Sold Price trend is “Neutral” and the Median Sold Price trend is “Appreciating”.
The Average Days on Market showed a neutral trend, a decrease of 31.2% compared to the previous year. The ratio of Sold Price vs. Original List Price is 99%, an increase of 1% compared to the previous year.
Proprietary charts with momentum (Þ):
Folsom is very popular and is usually in the top 5 median prices in any given month. With newer infrastructure and home construction, areas like Empire Ranch, Briggs Ranch, Prairie Oaks, Los Cerros, Broadstone, and Willow Springs all have some lofty values.
- For Sale, Sold, Pended (Folsom)
- Avg Price Per Square Foot (Folsom)
- Avg CDOM, SP/OLP (Folsom)
- Median, Sold, For Sale (Folsom)
- Mos Inventory (Folsom)
Call me to get insider info into any of these Listings:
Copyright 2017 MetroList Services, Inc.
All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information.
Data maintained by MetroList® may not reflect all real estate activity in the market. All real estate content on this site is subject to the Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination. MetroList® will not knowingly accept any advertisement for real estate which is in violation of the law. Users of this site are hereby informed that, pursuant to applicable laws and regulations, all dwellings advertised in the MetroList® service are available on an equal opportunity basis.