Is the housing market slowing down in Salem, OR?
No real change. 354 homes sold in Salem, OR during May 2026, against 403 in the same months a year earlier. That gap is small enough to be ordinary month-to-month variation rather than a trend.
This page is about how many homes changed hands, not what they cost. The two move separately: prices are set by the homes that did sell, and volume tells you how many people managed to transact at all. A market can hold its prices while activity quietly drains out of it.
We call this unchanged deliberately. The difference between 354 and 403 sales is inside the range that a normal month produces on its own, so calling it a decline or a recovery would be reading a story into noise.
The longer view, all measured over the May window so the season is held constant: 404 homes sold two years ago, 403 last year, 354 now. Activity is meaningfully below where it was two years ago.
What is on the shelf next to what is selling: 1,374 homes were on the market in Salem, OR, and 354 sold. At that pace it would take about 3.9 months to clear them all. Buyers and sellers are about evenly matched right now.
Every comparison on this page is to the SAME calendar months a year earlier, never to last month. Home sales roughly double between January and May in most of the country, so a month-over-month reading would tell you about the season and nothing about the market.
Source: Redfin's published market data for the Salem, OR area, through May 2026.
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More about the Salem, OR market
- When is the best month to sell a house in Salem, OR?
- How long does it take to sell a house in Salem, OR?
- Do homes sell above asking price in Salem, OR?
- Are home prices going up or down in Salem, OR?
- Is Salem, OR a buyer's market or a seller's market?
- Are sellers cutting prices in Salem, OR?
- What is the average home price in Salem, OR?
- How many homes are for sale in Salem, OR?
- All Salem, OR housing numbers
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Figures come from Redfin's published market data for the Salem, OR area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.