Folsom April '08 Stats Are In!

Looking at the stats for April, the real estate news is mixed for Folsom. On the one hand, sales were down with 47 sales recorded last month (from 72 in March), but then, on the other hand, the median price of sold homes was up to $422,500 from $415,000 the previous month. Overall, there were 496 Folsom homes on the market in April, down from 521 in March. Those had a median sales price of $435,950, a bit higher than the $422,500 median price of the homes that actually sold (remember, in this market, especially, pricing is KEY). And, looking back two years to April '06, the median price of sold homes in Folsom was $491,000. At $422,500 this past April, we are down 18.75 percent in price over two years.

That's it for today. Make it a great day!