The home truth snippet for Silverton: End of year 2016
- Median home price was up 8.5% t0 $275,000.
- Home sales were down 7.4%
- Days on the market decreased 11.9% to 81.
- Current inventory is 3.1 months
- Market favors: Sellers
Like other Salem cities, Silverton had a decrease in home sales due to lack of homes on the market. This lack of supply with the large demand caused prices to go up in Silverton.
This data was crunched from data via the WVMLS and includes acreage and non-acreage properties.