Independence: 30 day absorption rate: 2 Inventory: 24 months Average Price: $176,750 Median Price: $176,750 Average DOM: 113 Independence had been creeping towards normal. Like many small towns with few sales, the inventory numbers tend to jump all over the map. Monmouth: 30 day absorption rate: 3 Inventory: 13 months Average Price: $173,333 Median Price:…
Stayton: 30 day absorption rate: 4 Inventory: 13.5 months Average Price: $197,300 Median Price: $217,100 Average DOM: 126 Stayton did not have the big jump in inventories like the other metro cities did.It has been struggling since last year and those struggles remain constant at this point in time. Aumsville: 30 day absorption rate: 0…
After running all of those heinous inventory numbers, there is really only one option for sellers in Salem Oregon. Get with the program if you want to sell. So what is the program? Keep your house clean and make it look good. I know…top secret information here… Seriously though…I have learned in my life that…
Silverton: 30 day absorption rate: 3 Inventory: 35 months Average Price: $214,129 Median Price: $182,988 DOM: 126 Silverton started the 2008 year with 24 months of inventory but had corrected to around a 9-month inventory by August. Homes were dumped back on the market and ended 2008 back at that 24-month inventory number. Sales have…