1. Salem Sales Stats
YTD 2011 vs. YTD 2012
vs
(as of 2/29/2012)
2011 2012 % Change
Median Sales Price $238,000 $226,800 -5%
Average Sales Price $250,282 $225,353 -10%
Average DOM 117 125 +7%
SP:OP Ratio 91% 88% -3%
Total Units 48 60 +25%
Total Market $ Volume $12,013,539 $13,521,151 +13%
Source: MLS PIN for Single Families, Condos and Multi-Families *SP:OP= Sales Price to Original List Price Ratio

2. 2012 Salem Market Direction