FOLSOM MARKET UPDATE - May 2016 Property Sales: May property sales were 100, up 6.4% from 94 in May of 2015, and 8.7% higher than the 92 sales last month. May 2016 sales were at mid level as compared to May of 2015 and 2014. May YTD sales of 386 are running -1% behind last year's year-to-date sales of 390. Prices: The Median Sales Price in May was $481,875, up 19% from $404,950 in May of 2015 and up 3.8% from $464,150 last month. Median = the same # of properties sold above & below the Median Price The Average Sales Price (ASP) in May was $491,354, up 14.7% from $428,444 in May of 2015 and up 2.2% from $481,005 last month. The May ASP was at it's highest level as compared to May of 2015 and 2014. Inventory & Month's Supply of Inventory: The total inventory of properties available for sale as of May was 147, down 3.9% from 153 last month and down -24.6% from 195 in May of last year. Curr...
Comments
Post a Comment