Folsom homes are selling 32 days faster than they were in February
A March surge in sales and a sharp drop in time-on-market signal that Folsom's spring buying season has arrived in force, with sellers regaining leverage.
A March surge in sales and a sharp drop in time-on-market signal that Folsom's spring buying season has arrived in force, with sellers regaining leverage.
Active listings fell sharply year-over-year in March, tightening the market even as the median sale price slipped 3.3% to $629,000.
The median home took 23 days to sell in March, up from 17 a year earlier, even as sales picked up and prices held nearly flat.
The median price climbed 5% year-over-year to $636,500, and more than half of new listings went under contract within two weeks.
Inventory in the Placer County town jumped 26% year-over-year in March, giving buyers more choice but pushing the median sale price to $690,000.
The median home took 20 days to sell in March, up from 11 a year ago, even as buyers paid $388 less per month thanks to lower prices and rates.
Median days on market dropped to just 10 in March, down from 20 a year earlier, as more than half of homes sold above asking price.
The small Placer County town's median sale price fell nearly 14% year-over-year in March, even as price per square foot climbed and inventory loosened.
The March median sale price jumped 16% year-over-year to $1.05 million, even as homes sold faster and inventory stayed nearly identical to a year ago.
Even as the median price climbed nearly 4% year-over-year in March, buyers took far longer to commit and nearly a third of listings cut their asking price.