Salem Mid-Year 2021 Market Report
The median price of Single Family Homes (SFH) sold in the first half of 2021 (H1 2021) rose12.9% from $472,850 to $534,000, confirming the breakout above $500,000 in H2 2020.
Sales dropped from 93 to 80 – the lowest figure since 2014 – with all the reduction in Q1.
80% of SFHs sold above list price in H1 2021, with 45% of sales (vs 8% in H1 2020) at 110% or more of list. (against 3% in H1 2020)..
The median price of the condos sold increased 16.7% to $420,000 from $360,000 in H1 2020, while sales increased to 168 units.
Two-thirds of condos sold above list, with the share at 110% or more at 15%
Click on the link to read the full Team Harborside Salem Mid-Year 2021 Review
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Market Analyst | Team Harborside | teamharborside.com
Sagan Harborside Sotheby’s International Realty
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REALTOR® | Market Analyst | DomainRealty.com
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