New Construction is Booming in Salem, OR

    Over the last six months we have begun to see a major improvement in New Construction sales throughout the Willamette Valley. This has led to a boom in new starts and home builders are “putting sticks in the air”. With this improvement in New Construction sales we should see a few trends in the near future:

    • Inventory of Lots will shrink. This will lead to price increases in the new construction that is on the market
    • Once inventory dissipates, home prices will rise in the re-sale market

    All great news!

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