07/13/2024
π Folsom, CA Real Estate Market Update - June 2024 π
Hello Folsom Community! π‘
As we step into the sunny days of June, let's take a look at the current trends in our local real estate market:
π Market Overview:
Median Home Price: $650,000 (up 3% from May)
Average Days on Market: 22 days (homes are selling faster!)
Number of Homes Sold: 85 (a 5% increase from last month)
π Trends:
Buyer Demand: Remains strong with many families looking to move to our beautiful city.
Interest Rates: Slight decrease, making it an excellent time for buyers to lock in low rates.
Inventory: Still low, creating a competitive market for buyers.
π Hot Neighborhoods:
Empire Ranch
Briggs Ranch
American River
π‘ Tips for Buyers and Sellers:
Buyers: Get pre-approved and be ready to move quickly on desirable properties.
Sellers: Stage your home and consider minor updates to attract top offers.
Whether you're thinking of buying, selling, or just curious about the market, feel free to reach out. I'm here to help you navigate your real estate journey with ease!
Let's make your real estate dreams a reality in Folsom this summer! π