$135K  
The Salem market broke below its 12-month average sales volume this week as sales fell 40.0% to hit three homes sold over the last 30 days. On the other hand, close-by Wilmington registered 64 homes sold in the same time frame, the most of all surrounding cities. The median sales price in Salem stayed put this week at $29,900. Along with the slip in sales, a relatively high 21 months of inventory indicates that Salem is a definite buyer's market.
Comments:

$135K  
Salem is a small city in New Jersey, and is much less affluent than average with a median income of $33,334 per household. It's much older than the rest of the state, with a median age of 34. Keep in mind, most people in Salem are renters, with 52.9% of the population renting their home. Topping the list of best schools in the city is Grace Norton Rogers School.
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$135K  
The Salem market pulled back with a 16.7% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (3.1) with five homes sold. Within the same time frame, Wilmington had 69 sales, the most of all cities in the area. A months of inventory number of 13 reported this week continued a four-week downward trend. Salem is a strong buyer's market, thanks to such a large amount of inventory to choose from and the pullback in sales numbers.
Comments:

$135K  
The Salem market has established a confirmed upward trend, even as sales fell 16.7% this week to five homes over the last 30 days. Potential buyers should note that prices went up in Salem, with the median for this period rising from $17,000 to $29,900. Salem is a solid buyer's market, thanks to a big 13 months of inventory to choose from and a pullback in sales.
Comments:

$135K  
The number of home sales in the Salem market climbed 20.0% to six homes over the last 30 days, above the 3.0 monthly average. In comparison, nearby Wilmington had 77 sales in the same time frame, the most of all neighboring cities. The median sales price rose to $17,000, up from last week's $16,500. Salem is still a strong buyer's market, due to the availability of 12 months of remaining inventory, even after the uptick in sales.
Comments:

$109K  
Fewer sellers put their homes up for sale in the Salem market over the last 30 days and the number of new listings fell this week to five. Home sales remained unchanged from the prior period and once again five homes were sold. The median sales price dropped to $16,500, down from last week's $17,500. Salem is a strong buyer's market, thanks to a big 15 months of inventory to choose from and the flat sales.
Comments:

$109K  
With 5,146 residents, Salem is an average-sized city in New Jersey. Also, with a 13.4% decrease over the last 10 years, its population is shrinking slower than other parts of the state. The Salem market mostly consists of detached houses, accounting for 53% of the current homes in the area. The top school in the city is Grace Norton Rogers School.
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$109K  
Over the last 30 days, the Salem market was healthy with five homes sold, a 25.0% increase from last week's report. In comparison, nearby Wilmington had 71 sales in the same time frame, the most of all neighboring cities. Prices are falling in Salem, and this period the median price of all sales fell from $30,250 to $17,500. Even after the uptick in sales, an elevated 15 months of inventory tells us that Salem is still a definite buyer's market.
Comments:

$109K  
Sales rose to four homes sold in the Salem market over the last 30 days. However, an identifiable downturn in the amount of pending transactions continued, with four completed in the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. Potential buyers should note that prices are coming down in Salem, and for this period the median sales price slid from $46,500 to $30,250. Even after the uptick in sales, an elevated 19 months of inventory tells us that Salem is still a strong buyer's market.
Comments:

$109K  
Over the last 30 days, a solid upward trend of new sellers coming into the Salem market continued, with 11 listings in this week's report. Meanwhile, sales have fallen, with two homes selling during the same period. The median sales price rose to $46,500 over the latest reporting period for Salem, up from $43,000. Along with the slip in sales, a relatively high 39 months of inventory indicates that Salem is a definite buyer's market.
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