Folsom Real Estate Market Report For January 2011

Folsom’s January average price per square foot was the same as December 2010, $162.  Last year this time, Folsom’s average price per square foot was $181.  We are down 10.7% from last year.  The last time Folsom saw home prices close to $162/sqft was November 2002, when the average price per square foot was $163.

Folsom Home Pricing for January 2011

The amount of Folsom homes for sale is up from the same time last year.  In January 2011 there were 114 regular homes for sale, 39 foreclosed and 78 short sales.  Separating the pendings, there were 27 regular, 22 foreclosed and 42 short sales that were pending.   With a total of 45 sold homes in January, 21 were regular sales, 13 foreclosed and 11 short sales.Folsom Home Inventory for January 2011Folsom home buyers bought (absorbed) 19.5% of the homes on the marked in January 2011.  This is down from the same time last year, when buyers purchased 37.9% of homes on the market.Folsom Homes Sold Absorption Rate for January 2011