$207K  
A record seven homes were sold in the Salem market over the last 30 days, which is a new high going back to November. This is a 40.0% jump from the previous period. When comparing other close-by municipalities within the same period, the most came from Wilmington with 93 sales. Potential buyers should note that prices are coming down in Salem, and for this period the median sales price slid from $36,500 to $16,500. Salem is a still strong buyer's market, in spite of the rising sales numbers, due to the availability of 14 months of remaining inventory.
Comments:

$207K  
The Salem market saw sales remain flat this week with four homes sold over the last 30 days, while new listings climbed to 12. The median sales price in Salem stayed put this week at $38,650. Salem is a definite buyer's market, thanks to a big 23 months of inventory to choose from and the flat sales.
Comments:

$207K  
The Salem market remained soft this week as sales slid 25.0% to land at three homes sold over the last 30 days. Meanwhile, close-by Wilmington reported 92 homes sales, the highest number from all the surrounding cities. The median sales price jumped to $36,500, up from last week's $19,000. Salem is a solid buyer's market, thanks to a big 31 months of inventory to choose from and a pullback in sales.
Comments:

$207K  
With two homes sold in the Salem market over the last 30 days, we see no change from last week's numbers. However, six new listings came into the market. Pricing in Salem remains consistent from last week to this week, with the median sales price at $16,000 again. Salem is a definite buyer's market, due to a big 46 months of inventory left and aided by the flat sales.
Comments:

$114K  
On top of a confirmed downward trend in sellers reducing price, including nine markdowns over the last 30 days, sales in the Salem market fell to two over the same stretch of time. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. The median sales price dropped dramatically to $16,000, down from last week's $23,000. Salem is a solid buyer's market, thanks to a big 45 months of inventory to choose from and a pullback in sales.
Comments:

$114K  
The Salem market saw four homes go under contract and failed to break out of a new downward trend. Despite that, total home sales ticked up to three over the last 30 days. All indications show that the trend should continue, meaning less pending transactions over the next few weeks. The median sales price dropped to $23,000 over the latest reporting period for Salem, down from $31,000. Even after the uptick in sales, an elevated 30 months of inventory tells us that Salem is still a definite buyer's market.
Comments:

$124K  
More sellers put their homes up for sale in the Salem market over the last 30 days and the number of new listings rose this week to 13. Home sales remained unchanged from the prior period and once again two homes were sold. Pricing in Salem remains consistent from last week to this week, with the median sales price at $31,000 again. With no movement in sales and the availability of 42 months of inventory, Salem is a solid buyer's market.
Comments:

$124K  
Salem is a much less affluent than average city in New Jersey with a median income of $33,334 per household. The population is also considered much older than most with a median age of 34 years. Salem is an area where most people lease the homes they live in, with a renting ratio of 52.9%. Heading the list of top schools in the city is Grace Norton Rogers School.
Comments:

$114K  
The Salem market added another two transactions over the last 30 days. With six price reductions, the lowest amount since December, the market may be looking for a higher price point. When comparing other close-by municipalities within the same period, the most came from Wilmington with 119 price reductions. Furthermore, a six-week upward trend in new listings is expected to come to an end over the coming weeks. Although the strong new listing numbers suggest otherwise, months of inventory is on a four-week downward trend, this week hitting 41 months. Salem is still a definite buyer's market, with the large amount of inventory canceling out the decrease in new listings.
Comments:

$114K  
The Salem market broke below its 12-month average sales volume this week as sales fell 50.0% to hit two homes sold over the last 30 days. On the other hand, close-by Wilmington registered 69 homes sold in the same time frame, the most of all surrounding cities. The median sales price rose dramatically to $31,000 over the latest reporting period for Salem, up from $9,500. With decreasing sales and the availability of 40 months of inventory, Salem is a solid buyer's market.
Comments:
Previous Page  1  2 3 4 5 6 Next Page


©2017 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2017 SmartZip Analytics, Inc. and ©2017 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

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.