Salem Oregon Real Estate

Salem Oregon Real Estate Market Update and News -

by David Brown, Broker
David Brown

May 2010 Market Stats

Price Range Current # Listings # of sales this month sales price % of listing price average days on market remaining # months of inventory
100k-225k 1048 107 94% 119 9.79
225k-325k 441 24 93% 150 18.38
325k-425k 187 7 97% 208 26.71
425k-525k 58 0 0 0 0
525k + 57 0 0 0 0

Source: Willamette Valley Multiple Listing Service

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ListingYourHome.biz web site

Salem-Keizer -
National Association of Realtors
Local Market Report - 1st Quarter 2010
(pdf)

Notice of Foreclosures continue to march on in Marion county, and the inventory of listings still outweighs qualified buyers.It's still a "mixed bag".

It is a mixed bag full of both opportunities and sluggish results. Qualified buyers definitely have the edge in making the market, and owner-occupied sellers are competing against rising short sales and foreclosures.

It may be a longer recovery period than anticipated if it is to be sustainable and not over-inflated again. Financing safeguards are now built in to prevent that, but there seems to always be some loopholes in the system that are abused and then come back to haunt us.

Get qualified by a loan officer before looking for homes, and work with a broker who represents you only as a buyers broker.

Contact me only if you want excellent service !

There is no cost to you for our buyers agent program.

David Brown, Buyers Broker, 503-302-2333

Source: Willamette Valley Multiple Listing Service

David L. Brown, Broker , Prudential Real Estate Professionals
P
220 20thSt SE Salem, Oregon 97302 (503) 371-3013
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