In its February 2024 market overview, MyMarketPulse (mymarketpulse.com) highlights the real estate dynamics within Salem, Virginia.
According to the latest data, Salem’s Median Sale Price was pegged at $325,000, showing an increase of 16.50% from the preceding month and a rise of 66.70% from the year before.
20 homes were sold, a decrease 4.80% from the previous month and an increase of 122.20% from the prior year.
The Median Days on Market for homes in Salem stood at 58 days, which is an increase of 40 days days over the previous month and up by 52 days day from the previous year.
The Market Pulse Score for Salem comes in at 99, pointing to a declining trend within the local real estate market.
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.
MyMarketPulse – Know What the Pros Know