While that lowly 79 homes sold in the 2nd quarter in Keizer Oregon might look a bit lame compared to last year, last year was an off year because of the tax credit. Overall, better than 2009 so that’s good.
Keizer currently has an 8.65 month inventory of homes. So if no one else listed their home for sale in Keizer, it would take 8.65 months to sell what is currently listed. Keizer is edging closer to that coveted 6 months of inventory which signifies a more normal real estate market and is well below Salem’s current inventory.
The flip side of these improving numbers is, of course, the decline in home prices that needed to go with them.
The median sold price in Keizer during the second quarter of this year was $167,000. It is a 27.8% drop from the peak in home prices and puts Keizer around 2005 home prices. The number of homes listed to date in Keizer is down 27% as well contributing to the reduction in inventory.