September 2, 2013 Weekly Market Report

New Listings in Salisbury MD and Wicomico County

Twenty-three new listings came on the market last week in Salisbury and Wicomico County, with an average list price of $178,200.

Under Contract in Salisbury MD and Wicomico County

Last week eleven 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 $111,000.

Sold Listings in Salisbury MD and Wicomico County

Twelve homes sold last week in Salisbury and Wicomico County with an average sales price of $166,000. The average time on market was 3.5 months and they sold for 91% of the list price. Currently, there are nearly 600 active residential listings in the county, which includes single family, townhomes, condos, and duplexes. This is the highest level of inventory since June. Short sales and foreclosures make up 21% of available residential properties. Mortgage rates were around 4.5% on 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Your email address will not be published.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 *