A Fishy Salem Housing Update

Willamette Valley Homes & Real Estate

Salem’s real estate market is definitely changing for the better, with recent signs of burgeoning activity. Home sales are up and to use an angling analogy, the fish are biting.

Willamette Valley, Willamette Valley Properties, Willamette Valley Housing, Willamette Valley Economy, Willamette Valley Homes, Willamette Valley Real Estate, Willamette Valley OregonWhen It Comes To Salem Area Real Estate, The Fish Are Biting 

Another positive sign is that after a prior spike in Salem area home inventory, there is now a dramatic 25% drop in the backlog of homes for sale. So instead of a bloated 8.3 month supply of homes, greater Salem now sports a far more sleek 6.6 month inventory.

Willamette Valley Homes, Willamette Valley Properties, WIllamette Valley Real Estate, Willamette Valley, Willamette Valley OregonSalem Area Home Inventory

This means homebuyers are now competing more for houses. If this trend of less inventory keeps up, there may eventually be a real estate ‘feeding frenzy’ as more buyers race to purchase their next home.

Willamette Valley, Willamette Valley Properties, Willamette Valley Housing, Willamette Valley Economy, Willamette Valley Homes, Willamette Valley Real Estate, Willamette Valley OregonFeeding frenzies can occur in real estate, too

To be clear, Salem real estate remains marginally a ‘buyer’s market.’ However it…

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