Salem’s Housing Market Improved in Last Six Months

Salem’s Housing Market Improved in Last Six MonthsFor the first time, Salem area has landed a spot on the National Association of Home Builders/First American Improving Markets Index. According to the report, the area had an improving market based on three criteria: new home prices, employment and building permits.

“All of a sudden, just this spring, things have really taken off for new construction,” said Mike Erdmann, chief executive officer of the Home Builders Association of Marion and Polk Counties.

According to Erdmann, local home builders have been selling houses as quickly as they can construct them. The association had assessed a five-moth supply of new inventory on the Salem market.

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