Despite the rise in interest rates over the past few months, and the increase in available inventory, Folsom housing prices continue to rise, with the average price per square foot for homes sold in August at $203.
The last time Folsom prices were this high was July of 2008, on their way down from the high of 271 in August of 05.
In comparison, El Dorado Hills and Roseville each saw reductions in their average prices. Time will tell if we’re seeing a trend or just a bump in the road.
For now, Folsom is still attractive to families looking for a safe clean town with good schools, recreation, and overall quality of life.
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