A series of posts about Marion county real estate market conditions.

Salem Regional Market Stats

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,…

Salem Metro Area Home Inventories

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:…

Salem May Home Sales Trend

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…

The Wheel of Fugly

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…

A decline in builder confidence

The National Association of Home Builders released a statement yesterday that builder confidence is down. “Home builders remained considerably downbeat as market conditions continued to erode in May, according to the NAHB/Wells Fargo Housing Market Index (HMI), released today. The HMI fell a single point to 19, bringing it within one point of the record…

Keizer Oregon Market Condition Report

April has ended and is generally considered to be the start of the “selling season.” While inventories are creeping up, they are still only in a slight buyer’s market. Here is where our local markets currently stand. Market data information is from the local WVMLS. Here is what is occurring in the city of Keizer…

A look at current Salem inventories

One of the things that I think is really important when looking at real estate market information is to be as hyper-localized as possible. Clearly I wouldn’t compare home prices in Salem, OR to homes prices in Seattle: two different cities with different local markets. The same is true for within a local area. This…