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

The epitome of bubble

I had posted last month about Silverton Oregon’s real estate market stubbornness and sellers unwilling to concede that home prices needed to drop.  I’d take credit for the correction that occurred there, but I know I really don’t have that much control over the market…  Home prices seem to have finally started correcting this quarter. …

What if?

My apologies to my non-data geek readers out there.  June has ended which is the end of the second quarter in the world of real estate.  That means the next several posts will be quarterly reports on the various cities in the Salem Oregon Metro area.  If you want the short and quick market snippet,…

Polk county city market snippet: May 2009

The report is going to be a year to date summary of the numbers.  It won’t be compared to previous months as there are just not enough real estate sales.  So…based on data from the WVMLS, these local Salem Oregon metro area cities home report: Monmouth: Homes sold year to date: 21 Current Inventory: 12.4…

Silverton Oregon May 2009 Market Snippet

The Silverton market continues to have real estate problems. Unlike Salem Oregon and Keizer, which have been correcting, Silverton seems “stubborn.”  Now Silverton has the reputation of being a desirable place to live, which is true…it is a great small town in the Salem Oregon metro area, but buyers are clearly saying “not at those…

A steep drop…

Keizer didn’t really see a lot of corrections in the past year, but that is not going without consequences now. In April of 2008 the median home price in Keizer Oregon was $250,000.  This April it was $177,550.   That’s a 29% plunge.  That figure is pretty consistent with what I have seen for my clients…

A small…ever so tiny…Whoo Hoo!

6.1% decline in the median home price 11% decline in the average home price 33% decline in the number of homes sold 9.5% increase in days on the market. Inventory:  13.9 months  Whoo Hoo!!! Why am I whoo-hoo-ing?   That is the best inventory number I have seen for Salem Oregon in a while.  Okay, okay…last…