August 12, 2013 Weekly Market Report

New Listings in Salisbury MD and Wicomico County

Twenty-four new listings came on the market last week in Salisbury and Wicomico County, with an average list price of $197,000.

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 1.9 months. The average list price of these properties was $197,600. Eight homes were on the market fewer than 30 days.

Sold Listings in Salisbury MD and Wicomico County

Seven homes sold last week in Salisbury and Wicomico County with an average sales price of $266,000. The average time on market was 7.4 months and they sold for 95% of the list price. Currently, there are nearly 580 active residential listings in the county, which includes single family, townhomes, condos, and duplexes. Short sales and foreclosures make up 21% of available residential properties. Mortgage rates were steady at 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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