July 15, 2013 Weekly Market Report

New Listings in Salisbury MD and Wicomico County

Twenty-one new listings came on the market in Salisbury and Wicomico County, with an average list price of $155,900.

Under Contract in Salisbury MD and Wicomico County

Last week twenty-two residential properties went pending in Wicomico County. The average time on market before going under contract was 3.7 months. The average list price of these properties was $172,700.

Sold Listings in Salisbury MD and Wicomico County

Eight homes sold last week in Salisbury and Wicomico County with an average sales price of $112,500. The average time on market was 4.8 months and sold for 93% of the list price. Currently, there are nearly 580 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 4.5% 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

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