2009 Market Statistics - Full Year
The listing inventory declined 8.64%
Prices fell 8.5% on average
Days on Market average 140
Properties sold for an average of 90% of the selling price
5869 Units sold, down only about 100 from 2008
40% more closings in December 2009 from December 2008
Oregon was the 3rd most popular destination of Van Lines moving company in 2009!
David Brown
DECEMBER STATS 2009 - Salem residential under 1 acre
| Price Range |
# of Listingss on Market |
# Sales |
Price Ratio* |
Months* |
| $100-225k |
720 |
113 |
90% |
6.37 |
| $225-325 |
334 |
30 |
97% |
12.47 |
| $325-425k |
165 |
12 |
91% |
13.75 |
| $425-$525 |
54 |
1 |
99% |
54 |
*Price ratio: Sales price as % of Asking price, Months= Inventory
Average Sales Price comparing last year to this year:
Area December 08 December 09 %change
Salem/Keizer $224,533 $205,423 -8.6%
Benton County $299,687 $273,932 -8.6%
Linn County $191,847 $176,117 -8.2%
Marion County $231,951 $210,748 -9.2%
Polk County $222,252 $198,532 -10.7%
If you are planning to buy or sell
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In the month of December 2009, there were 701 new listings that came on the market and a total of 6176 listings available. In the month of December 2008 there were 799 new listings that came on the market and a total of 6760 on the market. That is an 8.64% decrease in listings available this year over last year at the same time.
In December 2009, there were 596 closed sales. With that number of closed sales we have approximately 10.3 months of inventory on the market.
Days on the market currently are:
Salem/Keizer: 140
Benton County: 136
Linn County: 140
Marion County: 152
Polk County 140
Closed Sales in Units for the last six years:
Through the end of December 2004: 9894
Through the end of December 2005: 11,576
Through the end of December 2006: 10,587
Through the end of December 2007: 8899
Through the end of December 2008: 5954
Through the end of December 2009: 5869
The percent of sales price to list price was 91.5% in Salem/Keizer, 92.5% in Linn County, 92.1% in Benton County, 89% in Marion County, and 91.3% in Polk County. If you are planning to buy or sell
real estate in the Salem market, let's discuss some strategies that will work for you. Call or send a text, or email me @ davidbrown@prurep.com
David Brown
503-302-2333 |
