February 19, 2018 Weekly Market Report

New Home Listings in Salisbury MD and Wicomico County

Nineteen residential listings came on the market last week in Salisbury and Wicomico County with an average list price of $189,000. Salisbury MD Real Estate

Pending Homes in Salisbury MD and Wicomico County

Last week twenty-two homes went under contract in Wicomico County. The average time on market before going pending 3.1 months. The average list price of these properties was $162,700. Eight homes were on the market for less than 30 days.

Homes Sold in Salisbury MD and Wicomico County

Twelve homes sold last week in Salisbury and Wicomico County with an average sales price of $149,500. The average time on market was 2.6 months and they sold for 94% of the list price.

Homes for Sale in Salisbury MD and Wicomico County

Currently, there are nearly 340 active residential listings in Wicomico County, which includes single family, townhomes, condos, and duplexes. Short sales and foreclosures make up 17% of available residential properties. Mortgage rates are around 4.375% on a 30 year fixed conventional loan.

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

 

Information compiled by Esham Real Estate, Inc. is deemed to be reliable, but is not guaranteed © 2018 MLS and FBS

Based on information from the Coastal Association of Realtors® for the period 2/12/18 through 2/18/18

 

Leave a Reply

Your email address will not be published. Required fields are marked *