$135K  
Salem is an average-sized city in New Jersey with 5,146 residents. Its population is also shrinking slower than others at a 10-year growth rate of -13.4%. Condos and townhouses account for 46% of the area's current housing market. The best school in the city is Grace Norton Rogers School.
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$120K  
Over the last 30 days, the Salem market showed gains with four homes sold. It marks a 300.0% increase from last week's report, while also topping the average sales volume for the prior 12 months. Within the same time frame, Wilmington had 69 sales, the most of all cities in the area. The median sales price tumbled to $9,500, down from last week's $53,000. Salem is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of 17 months of remaining inventory.
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$129K  
Despite a growth in sales numbers this week to reach one home sold over the last 30 days, the Salem market still shows a recent trend downward overall. Salem is still a solid buyer's market, due to the availability of 66 months of remaining inventory, even after the uptick in sales.
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$129K  
The Salem market remains completely quiet as, once again this week, no sales were reported over the previous 30 days. Salem usually averages 3.1 sales per month.
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$129K  
The Salem market continues a one-week downward trend in sales. Sellers weren't able to find buyers for their properties, resulting in no sales over the last 30 days.
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$129K  
Sales fell to two homes sold over the last 30 days in the Salem market. Sellers can expect less competition, however, due to a six-week downward trend in homes coming into the market, now down to five for the same period. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. Prices are rising in Salem, and the median sales price this period increased from $29,900 to $51,050. Salem is a strong buyer's market, thanks to a big 34 months of inventory to choose from and a pullback in sales.
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$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.
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$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.
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$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.
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