Acreage Real Estate Market Review for Salem and Keizer Oregon May 2011

Acreage Real Estate Market Review for Salem and Keizer Oregon May 2011

Country homes around Salem and Keizer saw a dramatic decline in the average sales price in May of 2011 over 2010. The average sold price fell from $396,315 in 2010 to just $303,975 in 2011. The number of units sold year over year did not fluctuate much, 11 were sold last May, 10 were sold this May. The properties that did sell around Salem and Keizer took about two and a half times longer to sell, at 194 Days On Market, vs. 85 in 2010.