MyMarketPulse (mymarketpulse.com) has unveiled its analysis for August 2024, focusing on the property market trends in Salem, Virginia.
As of 8/2024, Salem had a Median Sale Price of $260,000, which was down 0.2% from the previous month and down 5.2% from the prior year.
A total of 19 homes were sold in the region, indicating a decrease of 24.0% from last month and a drop of 32.1% when compared with a year ago.
The Median Days on Market for homes in Salem stood at 6 days, which is a decrease of 1 day days over the previous month and down by 8 days day from the previous year.
Currently, with a Market Pulse Score of 96, Salem’s real estate market appears to be experiencing a downtrend.
For more information about the Salem, Virginia market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
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