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
Snapped 2 homes in this area
Murray Brown Real Estate
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Snapped 5 homes in this area

Agents that specialize in this area
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