November 27, 2017 Weekly Market Report

New Listings in Salisbury MD and Wicomico County

Twenty-four residential listings came on the market last week in Salisbury and Wicomico County with an average list price of $193,400. Salisbury MD Real Estate

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 1.9 months. The average list price of these properties was $140,000. Seven homes were on the market for 30 days or less.

Sold Listings in Salisbury MD and Wicomico County

Eleven homes sold last week in Salisbury and Wicomico County with an average sales price of $182,300. The average time on market was 5.6 months and they sold for 98% of the list price.

Homes for Sale in Salisbury MD and Wicomico County

Currently, there are nearly 410 active residential listings in Wicomico County, which includes single family, townhomes, condos, and duplexes. Short sales and foreclosures make up 13% of available residential properties. Mortgage rates are around 4.125 % 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 © 2017 MLS and FBS

Based on information from the Coastal Association of Realtors® for the period 11/20/17 through 11/26/17

 

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