FOLSOM : The $450,000 and under market continues to see multiple offers and very low inventory. Desperation is creating a market where some buyers are unfortunately starting to waive many of their protective contingencies in order to be the winning bidder on these homes. The short sales have skewed our MLS stats due to the fact that there are two kinds of statuses for short sales in our MLS; the active short sale and the active short sale contingent (Indicating the seller has accepted an offer and is working with their lender for approval of the short sale. These homes are not truly available & are not being shown). Our current available inventory for Folsom is 191 homes which include the "contingent short sales" because they continue to show in the "active" status of the MLS. But if you remove the "contingent" status, there are really only 71 homes currently active on the market in Folsom, and that's less than a one month supply of homes