June 16, 2014 Weekly Market Report

New Listings in Salisbury MD and Wicomico County

Thirty-four new listings came on the market last week in Salisbury and Wicomico County with an average list price of $222,700.

Under Contract in Salisbury MD and Wicomico County

Last week eighteen properties went under contract in Wicomico County. The average time on market before going pending was 3.3 months. The average list price of these properties was $219,400.

Sold Listings in Salisbury MD and Wicomico County

Ten homes sold last week in Salisbury and Wicomico County with an average sales price of $115,000. The average time on market was 3.2 months and they sold for 99% of the list price.

Home Inventory in Salisbury MD and Wicomico County

Currently, there are nearly 560 active residential listings in the county, which includes single family, townhomes, condos, and duplexes. Short sales and foreclosures make up 14% of available residential properties. Mortgage rates were up slightly at around 4.375% for a 30 year fixed conventional loan.

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Information compiled by Kennington Realty Inc. is deemed to be reliable, but is not guaranteed © 2014 MLS and FBS

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