Folsom REO Market Trends
Just like everywhere else in California, bank owned homes or reo's are a hot item. Folsom's reo properties are seeing a lot of activity too. Folsom just does not have as many on the market as other areas.
Folsom's reo's barely have time to get on the market and they are sold, with an average days on market of 58 days. Folsom has .9 months of reo home inventory!
Reo price per square foot is steadier than non-reo. At $166/sqft it is 6.6% lower than this time last year. The Folsom median price for an reo is $326,000. That is down 6.9% from last year this time.