A series of posts about Marion county real estate market conditions.
Keizer Oregon….What can I say? I knew that the relative stability that Keizer saw last year was going to change, but I was truly surprised by these numbers. Whether these hold or not remains to be seen. This market snippet is for the single family, non-acreage property, homes real estate market here in Keizer Oregon.…
Where is the Salem Oregon real estate market headed in 2009? You really don’t need me to tell you that. I think we all can guess that it is heading down. How far…well that depends on the status of those state jobs that employ so many Salemites… This market snippet is for the single-family,…
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:…
Stayton: 30 day absorption rate: 4 Inventory: 13.5 months Average Price: $197,300 Median Price: $217,100 Average DOM: 126 Stayton did not have the big jump in inventories like the other metro cities did.It has been struggling since last year and those struggles remain constant at this point in time. Aumsville: 30 day absorption rate: 0…
Silverton: 30 day absorption rate: 3 Inventory: 35 months Average Price: $214,129 Median Price: $182,988 DOM: 126 Silverton started the 2008 year with 24 months of inventory but had corrected to around a 9-month inventory by August. Homes were dumped back on the market and ended 2008 back at that 24-month inventory number. Sales have…
Keizer: 30 day absorption rate: 14 Inventory: 13.1 months Average Price: $219,794 Median Price: $218,950 DOM: 168 Keizer Oregon had been a stronghold for the Salem Metro area real estate in 2008. Holding at 7-8 month inventories for most of the year, sales have fallen there and inventories have jumped like the Salem market. This…
So are we starting off the year here in Salem Oregon with a bang or a bust? One of the biggest stats that we run in real estate is inventories. I mean less inventory means sellers can price higher due to less competition, and lots of inventory means super competitive pricing to get a home…
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…
After taking a couple of days off from number crunching, I’m back in the saddle to finish off the last of the Salem Metro area cities for you all. Aumsville has been one of the more stable markets this year in Marion county. in the early part of this decade, home prices in Aumsville were…
Stayton has had a lot of fluctuations over the course of the 2008 year. Inventories would shrink and grow, shrink and grow. Like all of its Marion County counterparts, Stayton ended the year down. The average sales price for a home was $218,220 and the median price was $185,000. The average sales price dropped 3.2%…