Salem Real Estate Market Hits Contracts Bottom

The Salem market seems to be nearing a low. The number of contracts executed fell to 47, the lowest levels since April. Sales are also trending down, sliding to 33 homes sold over the last 30 days. During the same time frame, Keizer had the most of any other neighboring municipalities with 11 contracts executed. At the same time that contracts reached a bottom, months of inventory expectedly rose to four, its highest point since April.

Looking for adequate space in your home? Check out these listings in Salem that provide large living areas:

$777K   $1.5M   $1.2M  

Get started right now by checking out Salem homes for sale or reviewing Salem real estate trends.

Demographic facts for Salem:

  • The total number of vacant homes in the area is 6.5%.
  • This area usually gets 154 sunny days each year. (U.S. average: 205)
  • For every librarian there are 423 students in this area. (803 = national average)

Data reported through 10/12/2016


Ask a local expert about this area:
John L Scott Real Estate
Snapped 4 homes in this area
Snapped 5 homes in this area
HomeSmart Realty Group
Snapped 2 homes in this area

Agents that specialize in this area
5 snaps in this area
2 snaps in this area
2 snaps in this area
©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
with Facebook Sign-in with Twitter
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

with Facebook Sign-in with Twitter

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.