September 16, 2013 Weekly Market Report

New Listings in Salisbury MD and Wicomico County

Thirty-eight new listings came on the market last week in Salisbury and Wicomico County, with an average list price of $191,000.

Under Contract in Salisbury MD and Wicomico County

Last week twenty-six residential properties went pending in Wicomico County. The average time on market before going under contract  was 7.0 months. The average list price of these properties was $194,200. Five homes were on the market fewer than 30 days.

Sold Listings in Salisbury MD and Wicomico County

Twenty-one homes sold last week in Salisbury and Wicomico County with an average sales price of $161,900. The average time on market was 3.3 months and they sold for 95% of the list price. Currently, there are nearly 590 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 around 4.75% 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Your email address will not be published.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 *