The home truth snippet: Monmouth end of year 2015
- Median home prices up 5.4%
- Home sales down 1.9%
- Days on the market is down 11.9% to 89 days
- Current inventory is 7.9 months
- Market favors: Buyers
Monmouth is the only current market in the Salem metro area that is in a buyers market. Home prices are higher in Monmouth compared to Independence and this higher costs and caused homes to stagnate a bit on the market.