Well if my last two posts didn’t bore the crap out of you, here are the regional stats for our Salem housing market for May. The MLS tracks 6 regions here in Salem.

Central Salem
Average Sold Price: $155,068
Median Sold Price: $156,000
Average DOM: 94
Current Inventory: 10.6 months

Suburban E Salem/North (Jan Ree, Haysville, etc)
Average Sold Price: $186,894
Median Sold Price: $179,900
Average DOM: 100
Current Inventory: 8.8 months

Suburban E Salem/South (Houck area)
Average Sold Price: $148,817
Median Sold Price: 147,010
Average DOM: 97
Current Inventory: 7.8 months

South East Salem (Morningside, Pringle areas)
Average Sold Price: $257,738
Median Sold Price: $215,000
Average DOM: 121
Current Inventory: 9.7 months

South Salem
Average Sold Price: $260,239
Median Sold Price: $245,000
Average DOM: 107
Current Inventory: 10.9 months

West Salem
Average Sold Price: $265,074
Median Sold Price: $260,000
Average DOM: 137
Current Inventory: 6.2 months

At this point, the West Salem real estate market is the only localized market that is approaching that goal of normal market. With just over 6 months inventory, it is approaching a neutral market.

Related posts:

  1. Monthly Stats for April for Real Estate in Salem Oregon
  2. Salem May Home Sales Trend
  3. Salem Oregon Real Estate Market Conditions
  4. April 2008 Salem Oregon Real Estate Market Report
  5. Prepare for the long haul if you own land