A series of posts about Marion county real estate market conditions.
The 2022 Salem Oregon Real Estate Market Report The real estate market shifted in 2022. Like all market shifts in the past and future ones to come, buyers don’t want to be the ones buying at the top of the market before it shifts downward while sellers want to sell their home at the peak…
The 2021 Salem real estate market in review As most of you know, the real estate market in Salem is pure insanity. It is an exhausting market for buyers and sellers are filled with stress for pretty much everyone. I know most of you are thinking that sellers shouldn’t be stressed out, but trying to…
Is the real estate market slowing? June 2021 market update If you talk to any agent that does a decent amount of real estate transactions they will tell you that the market is shifting. The June 2021 market update numbers are showing the beginning signs of a shift. There is definitely a slowdown happening,…
Keizer has always had a tight market since they need the urban growth boundary to expand in order to build more homes. They were the first local market to stabilize in the real estate crash because of the good schools and easy jump-off point for split commuters to Portland and Salem. The following data is…
The Salem Oregon real estate market 2020 year in review The pandemic. The wildfire. Covid fatigue. 2020 has been a very long year. I know that many people thought real estate would slow down with the pandemic, but here locally, we saw the exact opposite: home sales soared. No one wanted to be trapped…
Home prices in Salem Oregon Phew. The year ended and it was a crazy one for real estate in Salem. Home prices? Any active agent can tell you that trying to get homes for buyers was difficult. Multiple offers were normal, and we were starting to see some homes fail to make appraisals. The final…
The Salem market made a swift turnaround, like many areas of the country. In May, it was the best home sales (for single-family homes) for three years and it was only eclipsed by the year that there was the tax credit deadline for June. Spurred by low-interest rates, a housing price bottom, and a…
Phew. Agents have been sweating the market filled with insane underwriters, oversupply, and distressed homeowners. It hasn’t been easy for anyone. The good news is that 2012 was better. Not great mind you, as the economy is still struggling, but real estate agents working the Salem area finally took a collective breath and said “about…
It’s that time of year. Mid-January gives agents a chance to get all of their sold data into our local MLS so we can run some data and see where the year ended. The 4th quarter in real estate in most of the Salem metro cities was brisk, well in comparison to recent years anyway.…
Well May has ended, yes I know I’m slow getting this data out, and it is time to look at the local market for Salem. If you talk to most agents you will hear that the market has improved this year. It’s partially true as home sales have gone up this year. Home prices are…
