Metropolitan Statistical Area (MSA):

Salem, OR

Salem, OR is a Metropolitan Statistical Area (MSA) comprising counties including .

The Salem, OR Housing Market: Real Estate Trends to Watch

There is no doubt that the Salem, OR metropolitan statistical area (MSA) has seen some major changes in the housing market over the past few years. These changes have been driven by a number of factors, including population growth, economic development, and changing preferences among homebuyers.

One of the most notable trends in the Salem MSA housing market has been an increase in demand for smaller homes. This is likely due to a combination of factors, including an increase in the number of people moving to the area (particularly young professionals and retirees) and a decrease in the average size of households. As a result, we've seen prices for smaller homes increase at a faster rate than prices for larger homes.

Another trend that we've seen is an increase in demand for higher-end homes. This is likely due to increased economic activity in the area, as well as changing preferences among homebuyers who are looking for more luxurious features and finishes. We expect this trend to continue as more people move to the Salem MSA and incomes continue to rise.

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