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Alex Anninos has 15 years of experience as a real estate professional in Massachusetts. In 2017, Alex Anninos joined Atlantic Coast Homes in Salem, Massachusetts, as a Realtor partner. His sales team ranked No. 1 in Salem after just one year.
Salem real estate ranks among the most competitive markets throughout the region. Homes typically receive multiple offers and sell for close to 2.5 percent over asking price on average. Homes on the market transition to pending status in about 21 days, though popular properties often sell for 8 percent over asking price in as little as two weeks. According to real estate resource Redfin, the Salem housing market holds an 88 compete score, indicating a highly competitive market for buyers.
In 2020, the average sale price for Salem properties climbed to $424,000, up nearly 4 percent from the previous year. Some data places this figure closer to $434,000, with trends suggesting an average price increase of 6 percent by summer 2021. Residential real estate is valued at approximately $282 per square foot, a 14.2 percent increase over 2019.
