A series of posts about Marion county real estate market conditions.
The first quarter came to an end a couple of weeks ago which means we have a bit more data to work with regarding home sales. I know some of you are armed with tax return checks and wondering if it might be time to dive into the real estate market. So here’s my opinion……
Home prices have continued to decline in Keizer, just like Salem. The question is whether or not I was accurate in my predictions from last year. I have an ego to maintain, you know. Last year I predicted a 5% decline in home prices and a flat line in home sales. So how did I…
Last year my crystal ball was off by 1.6%. You’ll recall, I failed to eat my Wheaties and ended up erring on how much the market was going to correct for 2010. For 2011, I guessed 5-7% with a possible 10% correction at most. Well, Salem Oregon maxed out in 2011. The average home…
August saw a bit of a jump up in home prices from last August. I certainly wouldn’t say that home prices are appreciating in Keizer but last year was the end of the tax credit and July and August were dismal months in real estate. Home prices really couldn’t get worse than after the tax…
The average and median home prices have been hovering in the $150,000-$160,000 range for most of this year and August was no exception. With sales of more expensive homes incredibly lackluster with no change in the foreseeable future, this is going to be where home prices will continue to stay. The nice thing about August…
Last year, at the end of June 30, the tax credit ended. July was the first independent month that the real estate world had last year and the statistics were dismal. It isn’t surprising, then, that we sold more homes this July that last July. It was kind of hard not to. That said, it…
While that lowly 79 homes sold in the 2nd quarter in Keizer Oregon might look a bit lame compared to last year, last year was an off year because of the tax credit. Overall, better than 2009 so that’s good. Keizer currently has an 8.65 month inventory of homes. So if no one else…
As you know if you read my post from last month, Salem was named one of the worst real estate markets in the country based on NAR real estate data. You can read how I feel about their data in that post. I won’t rehash it here. What I do want to talk about is…
April 30th of 2010 ended the eligibility for the home buyer tax credit. No big surprise that home sales were down year over year as a result. Year to date sales are down 2.8% year over year. I think this is pretty good considering the unnatural boost that happened in 2010 due to…
Bummer. I kept thinking I didn’t need to do laundry, clean those toilets, or do market reports this month as I was sure that I was going to be gone on the 21st. What is the point of crunching market data if I was one of the chosen? Unfortunately, it does appear that Lucifer and…