Folsom Home Pricing for May 2016
Even though Folsom’s home pricing moved down a bit from last month (2.1%) it still remains higher than the past several years. The last time our average price per square foot was higher than $230 was in June 2007. That month Folsom was running $237/sqft.
Our median home price in May 2016 was $505,000. In June 2007 it was $475,000.
Homes continue to move at a brisk pace. I have been noticing that we are having more open houses than in the past few months. This past Saturday there were 30 homes open for viewing. A few months ago we were lucky to have 5-10 homes open. While a lot of agents are not allowing showings until the first open house, I believe this shows that homes are staying on the market a bit longer than before, because there is time to have an open house.
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