Salem Keizer market reports for August 2011

Real Estate Agent with Tomson Burnham, llc Licensed in the State of Oregon


Sales chart

I know the end of September is approaching and my market reports are out a bit late this month, but we had some good news, temporarily anyway, about the Salem and Keizer real estate markets.


With the MERS foreclosures heading towards judicial foreclosure and off the real estate market currently (which is about 50% of foreclosures in our area), we've had a dip in inventory that is temporarily helping our sellers.  Facing fewer foreclosures to compete with and insanely low interest rates  means that more buyers may elect to pick a house not in distress. 


This is not a sellers market by any means, but make no mistake...we are in a temporary sweet spot for sellers where they actually have a shot at selling their house. 


You can read the Salem Real Estate Report and Keizer Real Estate Reports for more details. 

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