Folsom real estate snapshot Feb 14 '11

Here is the quick rundown on the current real estate market in Folsom and houses for sale here. We are continuing to see a slow increase in the number of houses coming on the market. These numbers reflect properties listed by a variety of broker members of our local MLS.

·         388—number of homes for sale (including short sales and bank-owned homes or REOs)

·         $299,00—median price of homes for sale

·         108—average days on the market

The numbers for the short sale listings:

·         196—number of short sales on the market

·         $271,000—median listing price

·         135—average days on the market

The numbers for the REO listings:

·         48—number of short sales on the market

·         $275,850—median listing price

·         49—average days on the market

These numbers were pulled from MetroList, our local multiple listing service, this morning. all4now