How competitive is the Salem housing market?

Salem is moderately competitive as of May 2026, with a Sold Score of 41/100 (Fair Chance of Selling). **Pending ratio** is 0.45 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow. **Inventory change YoY** is +18.5% — more choices for buyers than a year ago. **Median days on market** is 49. Faster than 30 days means buyers are deciding quickly. **Price-reduction share** is 42.7% of active listings — above 25% signals sellers are widely overshooting list price. — Live indicators (May 2026): Sold Score: 41/100 (Fair Chance of Selling) · Pending ratio: 0.45 · Inventory YoY: +18.5% · Median days on market: 49 · Sellers cutting price: 42.7% · Median listing price: $529,450 (-3.4% YoY)