Salem Oregon Real Estate Market Update and News -
by David Brown, Broker
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
|
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
P220 20thSt SE Salem, Oregon 97302 (503) 371-3013
