June 25, 2018 Weekly Market Report

New Home Listings in Salisbury MD and Wicomico County

Thirty residential listings came on the market last week in Salisbury and Wicomico County with an average list price of $172,600. Salisbury MD Real Estate

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Pending Homes in Salisbury MD and Wicomico County

Last week thirty-three homes went under contract in Wicomico County. The average time on market before going pending was 2.5 months. The average list price of these properties was $253,400. Fifteen homes were on the market for 30 days or less.

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Homes Sold in Salisbury MD and Wicomico County

Eighteen homes sold last week in Salisbury and Wicomico County with an average sales price of $241,000. The average time on market was 3.4 months and they sold for 99% of the list price.

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Homes for Sale in Salisbury MD and Wicomico County

Currently, there are nearly 370 active residential listings in Wicomico County, which includes single family, townhomes, condos, and duplexes. Short sales and foreclosures make up 7% of available residential properties. Mortgage rates are around 4.75% 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. © BRIGHT MLS Copyright 2018

Based on information from the Coastal Association of Realtors® for the period 6/18/18 through 6/24/18

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