Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

1st Quarter Market Report for the Salem Oregon Real Estate Market.
The first quarter has ended for the real estate market.  Here is where our local markets currently stand. Market data information is from the local WVMLS.
Average Sales price:
The average sales price so far this year is $214,957, down 8.3 % from last year's $234,779.  What this means for you as a seller, is that it doesn't matter what your neighbor got last year, you probably won't get that this year.  Prices are still correcting.
Home Sales Closed:
In the first quarter this year, 377 homes closed on the market.  That is down 28.3 % from the same time frame last year when 526 homes closed in the first quarter. What this means for you as a seller is that you have to be the best house with the best price.  Inventory is climbing.
New Home Construction:
New home sales were down 46% from the same time frame as last year.   The average new construction home price so far this year is $311,920, which is down 11.4% from last year's average of $352,009.  There is significant new construction inventory on the market in the Salem real estate market.
Condominiums
The condo market is not a large percentage of the Salem real ... more

__________________________________________________
Are you on The Rain? Grow Your Network!