August 25, 2014 Weekly Market Report

New Listings in Salisbury MD and Wicomico County

Twenty one new listings came on the market last week in Salisbury and Wicomico County with an average list price of $162,600.

Under Contract in Salisbury MD and Wicomico County

Last week fifteen homes went under contract in Wicomico County. The average time on market before going pending was 3.9 months. The average list price of these properties was $190,300. Four homes were on the market fewer than 30 days.

Sold Listings in Salisbury MD and Wicomico County

Fourteen homes sold last week in Salisbury and Wicomico County with an average sales price of $132,700. The average time on market was 3.1 months and they sold for 97% of the list price.

Home Inventory in Salisbury MD and Wicomico County

Currently, there are nearly 570 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 around 4.25% on a 30 year fixed conventional loan.

To receive the Weekly Market Report, email Dale King and place “Market Report” in the subject line.

 

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

2 thoughts on “August 25, 2014 Weekly Market Report

  1. Whoever does this is absolutely amazing. I’m currently selling our home in Delmar, MD. It is such a stressful time because we need to relocate because of my husbands job but can’t until our home is sold. This information calms me down a lot! We have only had our house on the market for 2.5 months so hopefully we’ll fall in to this statistic as stated above. Also any additional information as far as marketing our home would be greatly appreciated!

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