Market Intelligence Report — OR-420

Salem, OR

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-OR-05
As of the latest 2026 data
Cooling

Median Listing

$529K
-2.0% YoY

Pending Ratio

0.45
-10.8% YoY

Active Inventory

1,153
+18.5% YoY

Median DOM

49 Days
-3.9% YoY

Primary Intelligence Tool — Sold Score™

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The Salem market is exhibiting cooling conditions, characterized by a pending ratio of 0.45. Active listings have expanded by 18.5% year-over-year, contributing to increased supply within the market.

Market Analysis

What's moving the Salem market right now.

Currently, active listings stand at 1,153, representing an 18.5% year-over-year increment. New listings also increased by 6.2% over the past year. The median listing price has experienced a modest 0.6% month-over-month increase, yet registers a 2.0% decline year-over-year. The pending ratio has contracted by 10.8% year-over-year, indicating a deceleration in demand absorption.

Amy McLeod
Amy McLeod
Keller Williams Realty

Local pricing and inventory dynamics across Salem shift block by block — happy to walk through what's actually closing.

Historical Analysis

Market Trends

Median Price

$529K+0.6% MoM

Active Inventory

1,153+18.5% YoY

Days on Market

49-3.9% YoY

Sold Score™

41-10.8% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

41
Jun 23May 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Jun 23May 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Jun 23Jan 24Aug 24Mar 25Oct 25May 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

Negotiating leverage is shifting as the market pace moderates, exemplified by a pending ratio of 0.45. The expansion of active listings suggests less immediate pressure for buyers and a greater need for price discipline from sellers to facilitate transactions.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

1,153 active listings represent the current floor, with new supply arriving at roughly 548 per month.

Pricing Pressure
22.3%

of active listings carry a price reduction, +0.8% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -2.0% year-over-year.

Absorption
0.45

Pending-to-active ratio — Cooling.

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Metro Demographics

Metro Area
Salem, OR
CBSA Code
41420
State
OR

ZIPs in Salem, OR

Sorted by active inventory · click a ZIP for its full report

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Analysis FAQ
  • What is the current market condition in Salem?+

    As of the latest 2026 data, the Salem metro is classified as Cooling. Pending ratio is 0.45 with median days on market at 49.

  • Are home prices dropping in Salem?+

    Median listing price is $529K, -2.0% year over year. 22.3% of active listings carry a price reduction.

  • How fast are homes selling in Salem?+

    The typical listing sits 49 days on market, a -3.9% change YoY. New listings are arriving at 548 per month.

  • What's happening in the Salem luxury market?+

    No distinct luxury-segment signal in this dataset.

  • Where can I find a trusted Salem real estate expert?+

    Primpted maintains a vetted registry of Salem agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 41420 · 36mo history