News Is Mixed for Folsom Real Estate in Sept

Just released by the Sacramento Association of Realtors: the numbers for single family home resales in September in our area. Here's what we have for the Folsom real estate market:

• Total sales in Sept: 32, down from 58 in Aug and from 68 in Sept 06.
• Median sales price in Sept: $458,500, up from $439,450 in Aug but down from $462,500 in Sept 06.
• Monthly listing inventory was down: 99, compared with 130 last month and 126 in Sept. 06 (good news for sellers who will have less competition but not so good news for buyers: less choice).
• Monthly Median listing price: $449,000, down from $473,950 in Aug and from $547,250 in Sept 06 (the lower price shows that sellers just putting their homes on the market are getting more competitive with pricing--if your home has been on the market for a while take note. The Sept 06 median listing price shows how dramatically prices have dropped--that's nearly a $100K drop).
• The Total Listing Inventory was at 356 for Sept, versus 384 in Aug.

That's it for today. It's a gorgeous fall day in Folsom, so enjoy. And count your blessings! We at least have real estate underfoot unlike many of our SoCal neighbors. One way you can help is by donating to the American Red Cross. You can select to have your donation go directly to support their relief efforts of the California Wildfires. Just go to American Red Cross.