Salem Oregon Metro Area Market Reports: Polk County

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:…

Oh woe is new construction…

New construction home sales in Salem Oregon[/caption] I’m not sure that I want to even talk about new construction in Salem Oregon. Things are just ugly. See that green area on the chart.  That is the number of homes that hit the MLS for new construction.  See that blue area underneath?…those are the homes that…