Salem Oregon Real Estate Review February 2020

Real Estate Agent with Keller Williams Capital City 970700173

Homes on 1-5 acres in Salem Oregon saw a shortened market time down from January, but the average sold price was much lower. There were 39 currently available at the time of collecting this data, which created a 3.54 months of inventory.  Still a Seller's Market, closely following the trend in January. Homes in town or on less than 1 acre continue to be in high demand. There were 198 homes that sold last month, with an average market time of 85 days, slightly less than in January.  The average sold price also increased over the month, up to $325,119.  There is currently 1.7 months of inventory, creating a strong Seller's Market.  Once the March data is in, we will have a better idea of how the Corona Virus is affecting the local real estate market for Salem, Oregon.  To view the current homes on acreage for sale in Salem, Oregon, visit our website.


NOTICE:  Due to the current virus, all real estate consultations are done over the phone or via email until further notice.

Salem Oregon Real Estate Market

Comments (1)

Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Thanks for the market update!  There is lots going on in your neighborhood! 

Mar 24, 2020 07:03 PM