Well, it was brought to my attention by a reader that I forgot to include Dallas in my analysis of the towns. Nothing against Dallas… So here are some basic market stats for Dallas, OR 90 Day Absorption Rate: 12.7 30 Day Absorption Rate: 16.0 Current Inventory: 10.7 months Bonus stats since I forgot Dallas……
Well if my last two posts didn’t bore the crap out of you, here are the regional stats for our Salem housing market for May. The MLS tracks 6 regions here in Salem. Central Salem Average Sold Price: $155,068 Median Sold Price: $156,000 Average DOM: 94 Current Inventory: 10.6 months Suburban E Salem/North (Jan Ree,…
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:…
Grab some coffee…The next few posts are going to be my May real estate market updates. No fair falling asleep. If I take the time to calculate and post these for you, the least you can do is read them! For residential homes sales in Salem, Oregon… The 180 day trend: Median sold price: $205,000…
I’d like to welcome our sellers to the Wheel of Fugly…where market stats are going to make you cry. Category is INVENTORY: Here’s the puzzle: __.__% ____ ________ ____ ___ ____ ____ ___ ____. Spin the wheel: Oh, you got ugly. Spin it again: Ugh, ugly again. That’s a bummer. Well, you’ve got a plethora…
Real estate is easy…just work 20 hours a week and you’ll make millions! Seriously. Just make sure to hit up your mother’s sister’s cousin’s best friends and you have it made. You see those houses on the lake? You can HAVE one of those, just sell real estate. The road to real estate is easy…
I am a voracious reader and many of my favorite bookstores, offer specials such as buy two, get one free, etc. I’m always there stocking up on books. When I read Ines’ blog about CB’s 10% for 10 days promotion I was surprised and not surprised. We are in a difficult market, especially in Florida.…
As many of you may be aware, the DOJ and NAR announced a settlement regarding the NAR’s VOW (Virtual Office Website) rules. As news of this moved throughout the internet, people took sides. A poster in a forum had written with the settlement that online house shopping would become easier. I replied that house shopping…
I’m hearing this on a lot of forums lately by consumers. “How do I fire my agent?” “Can I change Realtors?” “Agents suck.” (okay no one really said this one, but that is what the poster really meant) The fact is that you are paying someone a lot of money to provide you a service.…
I was recently having a “conversation” with an investor from Illinois in an online forum about buyer agency agreements. He stated ” But, seriously, do realtors think people are dumb enough to sign these exclusivity contracts? I know I was dumb enough to sign one the first time I bought property, but never again.” Me…I…