June 6, 2016 Weekly Market Report

New Listings in Salisbury MD and Wicomico County

Fifteen residential listings came on the market last week in Salisbury and Wicomico County with an average list price of $241,500.            Salisbury MD Real Estate

Under Contract in Salisbury MD and Wicomico County

Last week twenty-one homes went under contract in Wicomico County. The average time on market before going pending was 2.6 months. The average list price of these properties was $168,200. Eight homes were on the market fewer than 30 days.

Sold Listings in Salisbury MD and Wicomico County

Sixteen homes sold last week in Salisbury and Wicomico County with an average sales price of $162,100. The average time on market was 4.3 months and they sold for 96% of the list price.

Homes for Sale in Salisbury MD and Wicomico County

Currently, there are nearly 500 active residential listings in the county, which includes single family, townhomes, condos, and duplexes. Short sales and foreclosures make up 13% of available residential properties. Mortgage rates were around 3.625% on a 30 year fixed conventional loan.

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Information compiled by Esham Real Estate, Inc. is deemed to be reliable, but is not guaranteed © 2016 MLS and FBS

Based on information from the Coastal Association of Realtors® for the period 5/30/16 through 6/5/16

 

2 thoughts on “June 6, 2016 Weekly Market Report

  1. I inherited my parents home and am wondering if I should sell or hold it as income property. Would you be able to give me info on market for 3BR, 2 1/2 bath home or info for property management options as rental? I reside in PA, 3 hrs from Salisbury so I am looking for best options.

    Thank you,
    Marian

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