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 with 1-3 sales can’t be done.

Dallas:
30 day absorption rate: 13
Inventory: 9.2 months
Average Price: $197,212

Median Price: $165,000
Average DOM: 118

Monmouth:
30 day absorption rate: 1
Inventory: 41 months
Average Price: $189,000
Average DOM: 91

Independence:
30 day absorption rate: 3
Inventory: 13 months
Average Price: $165,433
Average DOM: 148

Salem Oregon Market Condition Report

Related posts:

  1. Salem Metro Area Real Estate Market Snippet: February 2009
  2. Salem Oregon Metro Area Market Reports: Polk County
  3. Market Condition Reports for Salem Metro Area: Marion County
  4. Salem Metro Area Home Inventories
  5. Silverton Oregon Real Estate Market Snippet for February 2009