June 19, 2017 Weekly Market Report

New Listings in Salisbury MD and Wicomico County

Twenty-three residential listings came on the market last week in Salisbury and Wicomico County with an average list price of Salisbury MD Real Estate$214,300.

Under Contract in Salisbury MD and Wicomico County

Last week twenty-five homes went under contract in Wicomico County. The average time on market before going pending 5.5 months. The average list price of these properties was $182,300. Twelve homes were on the market fewer than 30 days.

Sold Listings in Salisbury MD and Wicomico County

Seventeen homes sold last week in Salisbury and Wicomico County with an average sales price of $141,100. The average time on market was 2.5 months and they sold for 98% of the list price.

Homes for Sale in Salisbury MD and Wicomico County

Currently, there are nearly 370 active residential listings in the county, which includes single family, townhomes, condos, and duplexes. Short sales and foreclosures make up 12% of available residential properties. Mortgage rates are around 4% on a 30 year fixed conventional loan.

June 12-18 Market Analysis

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Information compiled by Esham Real Estate, Inc. is deemed to be reliable, but is not guaranteed © 2017 MLS and FBS

Based on information from the Coastal Association of Realtors® for the period 6/12/17 through 6/18/17

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