Salem-Willamette Valley Housing Update - Resale Only
SALES ACTIVITY INTENSITY™ SCALE
6.06%
4.13%
4.35%
2.89%
UNBELIEVABLE
INTEREST
RATES
3.18%
MONTHS
SUPPLY SCALE
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Source: RMLS - Resale only
© 2025 John L. Scott Real Estate
January 2, 2025 Source: Priority Home Lending
6.99%
CURRENT INTEREST RATE
If you are buying a home today, interest rates are most likely on your mind, especially as they sit around 7%. While this is higher than at the beginning of last year, economists project an interest rate in the 6’s for 2025. Be sure to chat with your John L. Scott professional to review your local market, price range, and discuss your opportunities.
Looking at Interest Rates
Another year of the housing market is here! We will see an increase of
resale listings on the market each month following the historical trend line of the housing cycle. However, as buyers re-enter the market post-holiday celebrations, we will start to see higher Sales Activity Intensity™ for homes
in the more affordable and mid-price ranges.
Welcome 2025! New Year Kickoff
Key Market Indicators JANUARY 2025 (DECEMBER RECAP)