Since January 2008, the average price per square foot in my search criteria (in Folsom and El Dorado Hills) has dropped 5%. The number of homes avialable (not pending) that meet my criteria has risen by 16%.
The number of homes pending sale has increased significantly, but shows the exact same pattern as last March (which was the high for the year) and has not reached the same % high as it did last year. The ratio also went down by 3% compared to last week.
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