Folsom Buyers Are Swarming

This past week I held my listing open at 1998 Misty Meadow Drive here in Folsom, both Saturday and Sunday.  You hear me saying how the Folsom real estate market is hot.  The proof is in the action at my open house.

On Saturday in rain, I had 45 groups of people through, and 12 Realtors with their clients.  I thought maybe I should give out numbers at the door it was so crazy.  On Sunday, a nice day with no rain, I had an additional 25 groups through with 2 more Realtors with their clients.

Number of homes for sale in Folsom

Number of homes for sale in Folsom

Folsom inventory is down 33% from this time last year.  While that is historical, what we are dealing with is very few listings coming on the market.  Last year in December we had 42 homes come on the market, this year 24.  Almost half the amount.  As I type this Folsom has 69 homes available to buy.  Last year during January 2015 we had 102 homes come on the market.  As of now we have had 32 new listings come on the market.  Its too soon to tell whether this is just a slow start after the holidays or we are going to have low inventory for the next few months.

If you are considering selling your home sometime this year you should take advantage of this market and get your home on the market now.

If you are a buyer, you need to be on your toes, and work with a Realtor that has been through this type of market and can advise you on how best to proceed.  If you don’t have a Realtor, I have seen this type of market in the past and would love to help you get the home you want here in Folsom.