MyMarketPulse (mymarketpulse.com) just released its analysis of the May 2024 market data for Salem, Virginia.
The Median Sale Price for properties in Salem was documented at $277,500 for May 2024. This price point is an upward move of 15.9% from the previous month and shows a unchanged from the year before.
The area witnessed the sale of 30 homes during this period, which is a 15.4% increase from the preceding month and an increase of 36.4% compared to the same timeframe last year.
The Median Days on Market for homes in Salem stood at 10 days, which is a decrease of 4 days days over the previous month and up by 4 days day from the previous year.
Salem’s Market Pulse Score currently stands at 106 indicating a rising trend for the 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.
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