May 25, 2015 Weekly Market Report

New Listings in Salisbury MD and Wicomico County

Nineteen new residential listings came on the market last week in Salisbury and Wicomico County with an average list price of $199,700.

Under Contract in Salisbury MD and Wicomico County

Last week twenty-eight homes went under contract in Wicomico County. The average time on market before going pending was 4.3 months. The average list price of these properties was $196,200. Nine homes were on the market fewer than 30 days.

Sold Listings in Salisbury MD and Wicomico County

Eighteen homes sold last week in Salisbury and Wicomico County with an average sales price of $126,400. The average time on market was 3.4 months and they sold for 98% of the list price.

Homes for Sale 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 18% of available residential properties. Mortgage rates were around 3.875% on a 30 year fixed conventional loan.

May 18-25 Market Analysis

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Information compiled by Kennington Realty Inc. is deemed to be reliable, but is not guaranteed © 2015 MLS and FBS

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