What is the average DOM for zip code 97302?

Pearly
Home Seller
97302

Answers (4)
Melina Tomson
Broker
97302

Pearly,
While I agree with Dirk that good marketing and pricing are essential, there are certain realities of the current real estate market here in Salem.

In the 97302 zip code there is currently a 9 month inventory, which considering our unemployment rate is pretty good. BUT, if you have a home that you are selling that is over $300,000 in the 97302 zip code then the inventory jumps to 22 months.

I agree that you need excellent marketing and aggressive pricing in this market, but if you have a more expensive home, selling in 60 days in that area will be challenging. If you are listed with an agent and your home is well priced and you feel your agent is doing a good job on the marketing front, then you just need to hang tight.

Thu Jun 18 2009, 11:21
The Knudsens: O...
Broker
97229

Pearly.

Here is a thought. Why be average?? I bet with a good agent and good marketing and pricing you can sell in 60 days. Having said that it may take longer of the property is not properly marketed or not really handled correctly. Also the place has to show well. But why be average??

You can do better than that!

Regards;

Dirk T Knudsen
Re/Max Hall of Fame

Web Reference: http://www.calldirk.com
Thu Jun 18 2009, 10:37
Melina Tomson
Broker
97302

The average DOM for 97302 for sold home, single family, non acreage properties is 165 days so far this year according to the WVMLS.

Thu Jun 18 2009, 09:49
Kelly Gebler
Broker
Clackamas, OR
FIRST ANSWER

Hi - looks like Marion County average runs around 188 days.

Kelly Gebler
Real Estate Broker & Loan Officer
Keller Williams Realty & Sunset Mortgage Co.

Thu Jun 18 2009, 09:16

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