Market Intelligence Report — OR-420

Salem, OR

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

Ref. No: 2026-OR-08
As of the latest 2026 data
Cooling

Median Listing

$525K
-2.8% YoY

Pending Ratio

0.34
-8.7% YoY

Active Inventory

1,501
+21.1% YoY

Median DOM

59 Days
+3.5% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's cooling Salem market?

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The Salem market is exhibiting cooling conditions, evidenced by a pending ratio of 0.34. Active listings have expanded significantly, increasing by 21.1% year-over-year, indicating a substantial rise in available supply relative to demand.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

5.3%-0.2 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

445,814+0.5% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Salem market right now.

Active listings have risen by 21.1% over the past year to 1,501, while new listings also saw an 8.6% increase. Demand indicators reflect this shift, with the pending ratio currently at 0.34 and having declined by 8.7% compared to the prior year. Median listing prices have experienced a modest year-over-year decrease of 2.8%, aligning with the observed softening in demand metrics.

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

$525K-0.5% MoM

Active Inventory

1,501+21.1% YoY

Days on Market

59+3.5% YoY

Sold Score™

35-8.7% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

35
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 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

The expansion of inventory and a declining pending ratio suggest that properties are taking longer to absorb. This dynamic places increased pressure on pricing discipline and offers more latitude for prospective purchasers in negotiations, influencing the pace of transactions. Market conditions favor a more deliberate approach to property acquisition.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

1,501 active listings represent the current floor, with new supply arriving at roughly 504 per month.

Pricing Pressure
27.3%

of active listings carry a price reduction, +1.7% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -1.2% year-over-year.

Absorption
0.34

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Salem, OR? Inventory is up 21% from last year.

Buyers have leverage in Salem, OR. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
34%
Median Days on Market
59 days
Inventory YoY
+21%

In a buyer's market, strategy beats timing. See how your home scores in Salem, OR and what moves the number.

See my Sold Score & selling strategy

Talk to a listing expert who is actively selling in Salem, OR.

Amy McLeod

Keller Williams Realty

How these recommendations are chosen →

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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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