In February 2014, the median single family home sales price in Salisbury Maryland and Wicomico County was $106,500, down 19% from the median sales price last February. This was primarily a result of an unusual number of investment properties being sold as a package. There were 59 home sales, up 45% from last February. The average time on market was 4.6 months compared to 5.0 months for home sales in the Salisbury MD area last February. Currently, there are 6.9 months of supply of homes in the Salisbury MD area. If inventory levels don’t increase, home buyers can expect rising prices this spring and summer.
Information compiled by Kennington Realty Inc. is deemed to be reliable, but is not guaranteed © 2014 MLS and FBS