June 24, 2013 Weekly Market Report

New Listings in Salisbury MD and Wicomico County

Twenty-one new listings came on the market this past week in Salisbury and Wicomico County, with an average list price of $147,500.

Under Contract in Salisbury MD and Wicomico County

Last week sixteen residential properties went pending in Wicomico County. The average time on market before going under contract was 4.6 months. The average list price of these properties was $200,500. Five homes were on the market fewer than 30 days.

Sold Listings in Salisbury MD and Wicomico County

Eleven homes sold last week in Salisbury and Wicomico County with an average sales price of $119,800. The average time on market was 6.6 months and sold for 84% 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 20% of the available properties. On Thursday, Fed Chairman Ben Bernanke made additional statements regarding the scaling back of Fed bond purchases. Interest rates spiked as a result, with a 30 year fixed loan at around 4.5%, a nearly two year high.

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

 

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