Some real estate trends became even more evident with the recent release of the Folsom May home sales statistics by Trendgraphix—a real estate market research company—that provides, among other things, some detailed monthly data on real estate markets by zip code.
At 192 single family residences for sale during May, the clear trend is that the for-sale housing inventory in Folsom is shrinking. The high mark during the past 15 months was 274 homes for sale back in October 2010. On the other hand, the number of homes that went pending, 117, continues a determined upward swing from a low of 49 back in December. That 117 number represents a 112.7% increase over a year ago. Yet the number of homes sold, 74, represents a 13% drop from a year ago.
Here are some quick May 2011 numbers for Folsom:
- Average price per square foot: $155.8
- Average days on market: 70
- Months' Inventory on sold: 2.6
- Average Sold Price: $323,000
- Total homes sold: 74
- Total bank-owned-homes sold: 17
- Total short-sale-homes sold: 17
- Total regular-sale-homes sold: 40
For the visually oriented (like myself), I’ve included the graph showing the number of homes for sale, sold, and pended for each month from March 2010 to May 2011. These numbers are specifically for single family residences. Just drop me a line if you would like to see the numbers for a different kind of property (i.e., condo, lot, income property etc.), and I’ll get those to you, no obligation and with a smile!
That’s it for today’s wrap up of the Folsom market numbers for May 2011. Interested in numbers for another zip code? Just let me know and I’ll send them offline.
all4now
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