MyMarketPulse (mymarketpulse.com) has unveiled its analysis for July 2024, focusing on the property market trends in Salem, Virginia.
July 2024’s data reveals a Median Sale Price of $260,750 for homes in Salem. This figure represents a decline of 6.9% month-over-month and a 20.7% year-over-year increase.
The area witnessed the sale of 24 homes during this period, which is a 11.1% decrease from the preceding month and an increase of 33.3% compared to the same timeframe last year.
Additionally, the Median Days on Market for listings was observed at 10 days, 2 days longer compared to the previous month and longer by 4 days from last year.
With a Market Pulse Score of 104, the analysis suggests a rising trend in Salem’s housing market momentum.
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 – What the Pros Know