Dallas Oregon Real Estate Market Condition Report

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

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.

Here is what is occurring in the city of Dallas in real estate...

Average Sales price:

The average sales price so far this year is $198,164, down 6.9 % from last year's $212,781. 

Inventory:

Dallas has an absorption rate of 7.6.  This places the current Dallas inventory at 20.52 months.

Home Sales Closed:

In the first quarter this year, 23 homes closed on the market.  That is down 56 % from the same time frame last year when 52 homes closed in the first quarter. Sales have slowed significantly in Dallas, and with high inventories it will be important to price well.

New Home Construction:

Dallas currently has 62 new construction homes active on the market.  At the current absorption rate that is a 37 month inventory.  New home construction is currently averaging $300,738 for active listings.  Homes are actually selling for an average of $280,640.  This is a negligible drop from last year's $280,870.  Prices have essentially remained flat. 

Condominiums

Dallas does not have enough condo transactions to conduct accurate analysis.

 Luxury Market ($500,000+):

Dallas does not have a significant luxury market for analysis purposes.

 

If you need more specific market information, please feel free to call or email me with your specific area, and I will provide you with a more detailed report. 

 

 (c) Copyright, 2008. Melina Tomson, All Rights Reserved.   DO NOT COPY this without express written permission from the author.

If you are thinking about relocating to Salem-Keizer Metro area and need more information about what our city is like, please call or email me for more information.  If you are considering a purchase or sale of a home, I'd like to discuss your real estate needs with you.

Melina Tomson, MS 

call: 503-371-6515

email:  melina@tomsonburnham.com 

http://www.tomsonburnham.com/

Posted by

Chat with me

Salem Oregon Real Estate Professionals Tomson Burnham

Salem Oregon Real Estate Professionals Tomson Burnham

Salem Oregon Real Estate Agent Melina TomsonSalem Oregon real estate agent on twitterSalem Oregon real estate videos on youtube

 

The content of this blog is copyrighted so don't touch, reprint, republish, paraphrase, etc. That means if you want to cut and paste this article, even with attribution, you need my permission.  My email address is right up there.  No need to steal content without asking.  Just remember that I'm not a morning person, so best to ask me mid-afternoon or evening if you want to use my content.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Oregon Polk County Dallas
Tags:
salem oregon real estate
dallas oregon real estate market condition report

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainer
17,783
Bryan Schroeder
Equity Generation - Salem, OR

Great info thank you this.

Nov 21, 2008 11:37 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
259,638

Melina Tomson

Principal Broker/Owner, M.S.
Ask me a question
*
*
*
*
Spam prevention

Additional Information