Folsom Home Sales for November 2010
In November we start to see a seasonal dip in inventory in the Folsom MLS. As I have said before, sellers decide that during the holidays they do not want their home on the market.
The amount of Folsom homes for sale is down 9.9% from last month, however it is up 42.8% from this time last year. Folsom pending sales are up from last month 5.4%, and up 34.5% from this time last year. Folsom homes sold are also up from last month 19.1%, but down 6.7% from this time last year.
Short sales and foreclosed homes are a major part of the Folsom real estate activity. In November there were 78 short sales and 36 REO’s for sale in Folsom. The pendings for short sales were 31, and 14 for REO’s. When you get to solds, there were only 7 short sale homes sold and 15 REO’s sold.
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