Folsom Real Estate Market Showing Signs of Recovery

I was talking to a would-be buyer a few days ago who was thinking about buying a home in or around Sacramento, Folsom or Roseville and he was actually a little saddened to hear that prices in Folsom have not dropped as much as he would like.

Well, there's more news. Not only have prices not dropped, Folsom is actually showing signs of recovery. The median price of a single family residence in Folsom has risen from $414,500 in October to $436,500 in November - that's a rise of about 5.3%

Average days on market fell from 59 to 52, a signal that at least some buyers are done waiting and are taking the plunge.

Another fact: As opposed to only 11 homes that went pending in October, in November, a whopping 50 homes went into escrow!

Someone tell the bubbleheads that!!!