A brief post for you today. I appraised a house in the Empire Ranch neighborhood in Folsom over this past week and wanted to show you how quickly property values have increased over the past few quarters. This graph illustrates a very clear and aggressive upward trend, doesn’t it?
Empire Ranch has also seen a slight increase in DOM (Days on Market) lately, which means properties are tending to take slightly longer to sell. This trend has been evident throughout the Sacramento area as housing inventory and interest rates have seen an uptick over the past couple months.
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