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

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…

What is the market supposed to correct to?

With so much information flying around the media about the real estate market, it is really hard for buyers and sellers to sort through it. Recently someone asked “I hear about correction, correction, but what is it supposed to correct to?” Robert Schiller a Yale economist studied the long term impact of real estate as…