Now that the first six months of the year have passed, I’d like to take a look at some of the market sectors. As I have been watching less expensive homes move well, and often taking back-up offers, I thought I would take a look at inventories based on price. In Residential Homes For Homes…
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: $160,458 Median Sold Price: $150,000 Average DOM: 111 Current Inventory: 8.0 months Suburban E Salem/North (Jan Ree, Haysville, etc) Average…
Knowing how much inventory is on the market is an important statistic to know when considering the price of your home. These figures are for residential home sales. The absorption rate is how fast homes are selling on a monthly basis. Inventory is how long it would take homes to sell at that rate. Salem:…
It’s time for coffee and stats The next few posts are going to be my June real estate market updates. For residential homes sales in Salem, Oregon… The 180 day trend: Median sold price: $204,912 Average sold price: $223,489 Average original list price: $228,756 % of listing price to sale price: 97.7% Average DOM: 122…
What the heck is it? A History… Up until the mid-1800’s transferring a title to real estate, such as a home, was conduced by conveyancers. They were responsible for all aspects of the transaction. The conducted a title search to make sure the seller did indeed own the property and what rights, liens, or encumbrances…
These are uncertain times for many people. Projections are that many areas are going to continue to decline with regard to the real estate market. Gas prices are soaring, food prices are going up, home equity lines are being slashed, foreclosures are continuing…need I go on? Buyers are worried about buying a home and having…
As usual, I was reading my blog feeds to get a feel for what’s new in real estate. I have been very busy lately, so my opportunities to blog have been limited. I’ve been catching up. Jeff Brown, a real estate agent in CA, proposed A different model for other agents to consider. I am…
When people think of Oregon they think of forests. Timber is a part of the Oregon economy and is what makes our part of the country truly stunning. So it should come as no surprise to homeowners that we have city codes that require tree preservation. This is really important for people that have bought…
I was reading the Inman News today and was struck by an article. The article talked about a survey that was completed by VHT Inc., which provides marketing services to real estate professionals. I was interested in the results not because of the obvious correlation they found but because of one of the outcomes of…
First of all you need to know that I really dislike puffing. Agents know the term puffing: it’s what some agents do when describing a property. Stunning views! (yes the mountains are great, but what about 50 junky cars that my neighbor has on their property right below that view) or handyman’s dream (ie please…