July 1, 2013 Weekly Market Report

New Listings in Salisbury MD and Wicomico County

Seventeen new listings came on the market this past week in Salisbury and Wicomico County, with an average list price of $196,200.

Under Contract in Salisbury MD and Wicomico County

Last week twenty-four residential properties went pending in Wicomico County. The average time on market before going under contract was 3.8 months. The average list price of these properties was $179,700. Eight homes were on the market fewer than 30 days.

Sold Listings in Salisbury MD and Wicomico County

Nineteen homes sold last week in Salisbury and Wicomico County with an average sales price of $152,800. The average time on market was 2.6 months and sold for 97% of the list price. Currently, there are nearly 570 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. Mortgage rates were around 4.5% 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

Leave a Reply

Your email address will not be published. Required fields are marked *