Snapshot of today's Folsom Real Estate Market

Here's what I found when I logged on today to MetroList, our local multiple listing service. There are 300 properties for sale, according to the MLS, ranging in price from $96,900 for a 2/1 800-plus square foot condo to a 6/6 6,000 square foot "palace". Of those 300 properties, 117 are short sales (median list price: $334,900, average days on the market: 125); 11 are bank-owned (median list price: $359,900, average DOM: 44), and the rest are "regular" sales (median list price: $439,313, average DOM: 76). Looks like the best deals are the short sales, if you can afford (or just stand) to wait around for the deal to close. That's it for today. Make it a great day!