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Foreclosures in Salem, Oregon: A Prime Market

Salem, Oregon has a rather high ratio of foreclosure listings. 1 in every 473 homes, for example, has received foreclosure filings in August of 2010. It is a decent place to live because, for one, the cost of living is 2% below the national average. Also, unemployment is at about 5.6%, contrary to the national average of over 9%. Since there are a total of 56,000 homes within the area, there is bound to be a dream home out there for you. The average list price of a home is about $262,000, which reflects a .2% decrease from June to August of 2010. However, as we all know, the list price is never usually the sales price. The median sales price is $179,000, a 1.6% decrease from August 2010.