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 compa…
STATE TO REOPEN OREGON HOMEOWNER ASSISTANCE FUND PROGRAM PORTAL TO NEW APPLICATIONS
SALEM, ORE. - Oregon Housing and Community Services (OHCS) will resume accepting new applications for the Oregon Homeowner Assistance Fund (HAF) Program on March 8, 2023. The agency estimates there are enough funds to support about 700 additional eligible homeowners. The program offers federal temporary COVID-19 emergency mortgage relief intended to suppor…
CITY OF SALEM AND 2023 GO BONDS RETAIN AA2 RATING FROM MOODY’S
Salem, Ore. - Moody’s Investor Service has assigned an Aa2 rating to the City of Salem and the City’s 2023 General Obligation Bonds.
By approving the $300 million community improvement bond measure in November 2022, residents in Salem have allowed the City to fund a 10-year plan to increase funding for street upgrades, sidewalk construct…
Where Salem Ranks Among Best Cities for DIYers, and why it matters.
Industrial Asset Stats by Salem Zip Code
Industrial Asset Stats by Salem Zip Code: 97301 Central Salem has a total of 6.6 million square feet of industrial buildings, and zero square feet currently under construction. The vacancy rate is tight at 1.9%, with rents averaging $9.15 annually – up 7.1% year over year. Sales are transacting at $88 per square foot, which is up 8.3% year over year. Investment transactions are taking place at an…
Inflation’s Impact on the Economy and Commercial Real Estate
Multi family housing makes it more affordable? All of Oregon’s Cities over 100k make the list for their size in new construction.
New Developments in Salem
Residential Real Estate Update
The residential real estate market is still active with buyers and sellers. While the market has cooled in comparison to the last two years, we remain in a market of low inventory. In order to have a balanced market we need to have six months of inventory and currently, we are only at 2.6 months of inventory in Marion and Polk counties. This shows t…
