With the turn of the market, these smaller Salem Metro area towns are not experiencing enough home sales to do any meaningful analysis since the numbers are so low. I’ll give them to you just as a reference to where things are currently, but an analysis with 1-3 sales can’t be done.
Dallas:
30 day absorption rate: 13
Inventory: 9.2 months
Average Price: $197,212
Median Price: $165,000
Average DOM: 118
Monmouth:
30 day absorption rate: 1
Inventory: 41 months
Average Price: $189,000
Average DOM: 91
Independence:
30 day absorption rate: 3
Inventory: 13 months
Average Price: $165,433
Average DOM: 148