Salem Q1 2024 Market Summary

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The median price of the SFHs sold in Salem in Q1 reached another new high – but the number of sales is usually the lowest of the year and, therefore, the median price is not necessarily an indicator of where median prices will end for the whole year.

The median price of the Condos sold was a little lower than last year, while sales were in line.

The median Price per Sq.Ft. can fluctuate Quarter to Quarter. Sales continued at a brisk pace, reflecting both the shortage of supply and the continuing demand.
(DTO- Days To Offer – the number of before an accepted offer is received.)

Please contact me for a market report for your property.

617.834.8205

Andrew.Oliver @Compass.com

OliverReportsMA.com

Licensed with Stuart St. James in Massachusetts
Licensed with Compass in Florida