Update on acreage homes sold in Salem and Keizer Oregon for the month of October 2010.
Homes on acreage took much longer to sell in October around Salem and Keizer Oregon, 261 days to be exact. This is up from just 147 in September. Sellers are seeing 93% on average of their asking price, this is down from 94%. There were 20 new listings added to the market in October, which is surprising for this time of year. There are currently 215 active acreage homes on the market and 11 pending in escrow. The average sold price was just $317,000 mostly attributed to foreclosure sales.