This data still suggests to me that Folsom prices will have more downward pressure compared to El Dorado Hills. Looking at the ratio of REOs on http://www.metrolistmls.com/, compared to total foreclosures (gathered from http://www.foreclosure.com/), only 26% of REOs are listed for Folsom, compared to around 52% for EDH. In other words, there is 74% REO shadow inventory in Folsom, and 48% in El Dorado Hills. Some of this is likely due to processing lags, but 75% seems awfully high to me.
Separately, the ratio of all foreclosures to total MLS listings is very high in Folsom, around 54%, compared to 28% in El Dorado Hills.
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Thanks for the graph, this data supports a lot of anecdotal observations here in Folsom and EDH.
I even know of one home that went into foreclosure on realty.trac for a few months and then off - haven't seen it again, but I see it on another site, every month as the auction is postponed.
Again, thanks, for keeping the data lantern burning.
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