2008 Real Estate Market Condition Report for Independence Oregon

ConditionsBy mtomsonJanuary 7, 20093 Comments

No big surprises here.   Prices dropped.  Like Monmouth, Independence dropped 5% for the average home price and 3.6% for the median. Independence had steady appreciation since 2002 due to its proximity to Salem and its affordability. It did peak in 2007 as did most of the Salem Metro area. Days on the market, DOM, for…

2008 Monmouth Oregon Real Estate Market Condition Summary

ConditionsBy mtomsonJanuary 7, 20093 Comments

If you read any of my earlier market reports on Monmouth, you would know that it was one of the better off Marion county cities.   This doesn’t mean that prices didn’t decline here.  There was a 5.5% drop in the average home price from 2007.  The current average home price is $207,196.  The median home…