Mid Willamette Valley Market Overview - September 2010

Mid Willamette Valley Market Overview

Through September 2010

In the month of September 2010, there were 984 new listings that came on the market and a total of 7468 listings available. In the month of September 2009 there were 1276 new listings that came on the market and a total of 7176 on the market. That is a 4.07% increase in listings available this year over last year at the same time.

In September 2010, there were 430 closed sales. With that number of closed sales we have approximately 17 months of inventory on the market.

Days on the market currently are:

Salem/Keizer: 140

Benton County: 132

Linn County: 144

Marion County: 156

Polk County 144

Closed Sales in Units for the last six years

Through the end of September 2005: 8716

Through the end of September 2006: 8279

Through the end of September 2007: 7158

Through the end of September 2008: 4708

Through the end of September 2009: 4033

Through the end of September 2010: 4488

The percent of sales price to list price was 91.4% in Salem/Keizer, 93.3% in Benton County, 90.0% in Linn County, 91.1% in Marion County, and 90.5% in Polk County.

Average Sales Price comparing last year to this year:

Area September 09 September 2010 %change

Salem/Keizer $207,277 $198,628 -4.2%

Benton County $274,220 $265,985 -5.1%

Linn County $182,633 $160,422 -12.2%

Marion County $212,489 $198,172 -8.8%

Polk County $199,113 $200,002 +.01%

Source: Willamette Valley Multiple Listing Service