With the turn of the market, these smaller Salem Metro area towns are not experiencing enough home sales to do any meaningful analysis since the numbers are so low.  I’ll give them to you just as a reference to where things are currently, but an analysis of 0 or 2 can’t be done.

Stayton:
30 day absorption rate: 2
Inventory: 22 months
Average Price: $192,350

Median
Price: $192,350
Average DOM: 72

Aumsville:
30 day absorption rate: 1
Inventory: 21 months
Average Price: $220,000
Average DOM: 182

Turner:
30 day absorption rate: 0
Inventory: 33 months
Average Price: $0
Average DOM: 0

No homes sold in Turner in January or February so far this year.

Jefferson:
30 day absorption rate: 5
Inventory: 4.8 months
Average Price: $143,980
Average DOM: 163

Salem Oregon Market Condition Report

Related posts:

  1. Silverton Oregon Real Estate Market Snippet for February 2009
  2. Salem Oregon Real Estate Market Condition Snippet….February 2009
  3. Salem Metro Area Home Inventories
  4. Absorption Rates and Inventories for the Salem Oregon Metro Area June 2008
  5. Market Condition Reports for Salem Metro Area: Marion County