Salem Oregon Home Trends for February 2010
By Melina Tomson, Principal Broker/Owner, M.S.
(Tomson Burnham, llc Licensed in the State of Oregon)
"Get $8,000 tax credit" scream the real estate sign riders...just in case you weren't aware that it was out there. The count down has been so apparent this past month as the Salem Oregon real estate market started early. Typically I tell clients that the market starts to heat up in April, but agents were running amok this month as things got busy much earlier than usual. Sellers are out trying to get their home sold for the tax credit and buyers are out trying to get the tax credits. So...where does all this frantic activity leave the Salem real estate market for February? The average home price dropped 6.9% and the median 2.9% from February 2009. Honestly, I think that is pretty good. If the Salem market could stay around 5-6% drop this year, I think that would be a solid sign for ...
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