Salem Virginia Real Estate Market Report Sept. 2011

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A month over month analysis of the Salem Virginia real estate market with summary.

Transcript of Salem Virginia Real Estate Market Report Sept. 2011

Page 1: Salem Virginia Real Estate Market Report Sept. 2011

Salem Virginia

September 2011

Roanoke Valley Real

Estate Market Report

ROANOKE REAL ESTATE TEAM

Address:

Phone: 540 537 9281

Fax: 540 989 7076

E-mail: [email protected]

Phone/Fax/E-mail:

Long & Foster Realtors

3906 Electric Rd SW

Walter Grewe III, Realtor

Presented By

Page 2: Salem Virginia Real Estate Market Report Sept. 2011

Salem Virginia

September 2011

Roanoke Valley Real

Estate Market Report

Page 3: Salem Virginia Real Estate Market Report Sept. 2011

Salem Virginia

September 2011

Roanoke Valley Real

Estate Market Report

Page 4: Salem Virginia Real Estate Market Report Sept. 2011

Salem Virginia

September 2011

Roanoke Valley Real

Estate Market Report

Page 5: Salem Virginia Real Estate Market Report Sept. 2011

Salem Virginia

September 2011

Roanoke Valley Real

Estate Market Report

Page 6: Salem Virginia Real Estate Market Report Sept. 2011

Salem Virginia

September 2011

Roanoke Valley Real

Estate Market Report

The statistics from September for the Salem Virginia Real Estate market indicate

that for the month over month comparison with September 2010 the market has

seen a decrease in active listings, an increase in days on market, a decrease in me-

dian home price and the absorption rate or months of supply down significantly.

The Salem market still remains in a “buyers market” with downward pressure

from short sales and foreclosures having a negative impact on homes listed for

sale by owner occupants. It is even more important today to list your home at a

competitive price and be willing to make the necessary repairs and or upgrades to

make your home “move in condition”.

Are you looking for hassle free home buying? Long & Foster offers you the convenience of

one stop shopping for all phases of home buying.

Realtors helping save you time using the most up to date technology to find your new

home.

Lenders finding you competitive rates on your home financing.

Insurance to help protect your new home.

Settlement to prepare, research, and record your closing documents.

Have more control over your home buying, be more informed, and better served by getting

all of your needs met at one place.

Long & Foster the home of one stop home shopping!

Walter Grewe III Realtor, SFR, A-REO

Phone: 540 537 9281

Fax: 540 989 7076

E-mail: [email protected]