July 2008 Salem Region Market Conditions

Here are the regional stats for our Salem housing market for June. The MLS tracks 6 regions here in Salem. These stats are for single family units which includes condos. Central Salem Average Sold Price: $163,971 Median Sold Price: $156,000 Average DOM: 129 Current Inventory: 8.2 months Suburban E Salem/North (Jan Ree, Haysville, etc) Average…

Negotiate Commission Says CR

Commissions are negotiable is a mantra of the real estate world. The reason for this is to dispel the myth that there is a standard “6%” commission. That would be price fixing. Not good… So recently Consumer Reports did a study about negotiating real estate commissions. What did they find? Drum roll…you can negotiate commissions.…