April Sales for Folsom and El Dorado Hills

While I don't trust the data very much, MelissaData stats are usually available shortly after the end of a month.

The price trends in MelissaData are the opposite of what I have been seeing in DataQuick for the last month or so. One explanation could be that MelissaData only reports the average price, which can be skewed upwards for El Dorado Hills if some of those million dollar homes actually sell.

According to the average home sales price, Folsom is down 23% from its peak (Nov 04), and EDH is only 11% down from its peak (Jan 06). Again, I would only look at this data for trends and not individual data points.

But boy what a trend is happening with the EDH sales....the Bruce Springsteen song comes to mind.....were going down down down down. Folsom area sales below previous years, but seem to be holding up relatively well, which is why the pricing trends seem a bit at odds with the sales data. Of course one fairly logical explanation for this trend, is that sellers are lowering their prices, which leads to more purchases.