Local Real Estate Market Report: Explanation of the Infographic & it’s Trends

By: Statistics presented by WVMLS (Willamette Valley Multiple Listing Service) in collaboration with Domus Analytics

This month’s infographic from WVMLS compares February 2024 data to the same period in 2023. The focus is on residential listings with lots sizes under half an acre in the Salem/Keizer area. A noteworthy shift up 4.2% in new listings compared to the previous year provides a glimmer of hope in a low-inventory landscape. That combined with the recent winter dip in mortgage rates is great news for buyers, while the years-long trend of scarcity in available homes for sale along with home values holding fairly steady makes this an opportune moment for homeowners considering listing their properties.