Just How Was the Market in Salem, Oregon?

The Salem, Oregon rural real estate market was on fire last year. Like the rest of the valley, the low inventory drove up the prices, as there were more buyers to compete over so few houses. Buyers paid on average $635,888 for a home on acreage with a Salem address last year. There is currently 3.02 months of inventory supply in Salem, so we are still in a seller’s market.

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