New Listings in Salisbury MD and Wicomico County
Nineteen new listings came on the market last week in Salisbury and Wicomico County with an average list price of $159,300.
Under Contract in Salisbury MD and Wicomico County
Last week twenty-three homes went under contract in Wicomico County. The average time on market before going pending was 4.7 months. The average list price of these properties was $145,900.
Sold Listings in Salisbury MD and Wicomico County
Fourteen homes sold last week in Salisbury and Wicomico County with an average sales price of $161,800. The average time on market was 3.8 months and they sold for 95% of the list price.
Home Inventory in Salisbury MD and Wicomico County
Currently, there are nearly 540 active residential listings in the county, which includes single family, townhomes, condos, and duplexes. This is the lowest residential inventory in Wicomico County since mid-May. Short sales and foreclosures make up 18% of available residential properties. Mortgage rates were around 4.125% on a 30 year fixed conventional loan.
To receive the Weekly Market Report, email Dale King and place “Market Report” in the subject line.
Information compiled by Kennington Realty Inc. is deemed to be reliable, but is not guaranteed © 2014 MLS and FBS