June 10, 2013 Weekly Market Report

New Listings in Salisbury MD and Wicomico County

Twenty-three new listings came on the market this past week in Salisbury and Wicomico County, with an average list price of $170,000.

Under Contract in Salisbury MD and Wicomico County

Last week twenty residential properties went pending in Wicomico County. The average time on market before going under contract was 2.6 months. The average list price of these properties was $154,200. Six homes were on the market 30 days or less.

Sold Listings in Salisbury MD and Wicomico County

Ten homes sold last week in Salisbury and Wicomico County. The average time on market was 10.5 months and sold for an average of 97% of the list price. Currently, there are nearly 610 active residential listings within the county, which includes single family, townhomes, condos and duplexes. Foreclosures and short sales make up 21% of the available properties. Mortgage rates were around 4.00% for a 30 year fixed loan.

Information compiled by Kennington Realty Inc. is deemed to be reliable, but is not guaranteed © 2013 MLS and FBS

 

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