August 2016 Folsom, CA Real Estate Market Summary
August 2016 was a Seller’s market! The number of for sale listings was down 5.6% from the previous month. The number of sold listings increased 3.4% month over month. The number of under contract listings was down 10.4% compared to the previous month. The Months of Inventory based on Closed Sales is 1.6.The Average Sold Price per Square Footage was up 1.3% compared to the previous month. The Median Sold Price decreased by 2.1% from last month. The Average Sold Price also decreased by 2% from last month. Based on the 6 month trend, the Average Sold Price trend is “Neutral” and the Median Sold Price trend is “Depreciating”. The Average Days on Market showed a neutral trend. The ratio of Sold Price vs. Original List Price is 99%.
Source: Trendgraphix, Inc.